Author: Saj Karsan

We discuss a lot of big picture items related to individual companies on this site, such as revenue risks, debt levels, and cost structures. What we don’t do is get into a lot of details regarding valuations. While we did...

Many economists project a slow recovery from this recession, as consumer spending, which makes up more than two thirds of the economy, is not expected to rebound any time soon. On what basis are economists making these...

Last week, the shareholders of Soapstone Networks (SOAP) elected to liquidate the company. It was determined that the shareholders of record on Friday, July 31st would receive the final dividend (if any) of the liquidation...

Twin Disc (TWIN) manufactures and sells power transmission equipment (torque converters, propellers, clutches etc) to the marine industry. Due to the fixed-cost nature of such heavy manufacturing, one might expect this company...

Lazare Kaplan (LKI) acquires, cuts, polishes and sells diamonds to wholesalers and retail jewellers. What makes this company an intriguing value play is the discount at which it sells to its liquid assets. Current assets are...

Mohnish Pabrai is an Indian-American businessman and investor. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. Pabrai has high regards for Warren Buffett and...

Charlie Munger is Warren Buffett’s right hand man at Berkshire Hathaway. Over the next few weekends, we’ll be summarizing the text he authored titled “The Psychology Of Human Misjudgement”, where he...

Retail Ventures (RVI) is a holding company that owns 63% of another public company, DSW Inc (DSW). While RVI does have certain liabilities (related to its divestitures of other businesses) and its own corporate costs, its...

The debate on whether the housing market has hit bottom continues to rage. But what makes it even harder to reach consensus is that there are so many definitions on what it means to have hit “bottom” (e.g. prices,...

As the free fall in GDP has ebbed, a certain level of optimism appears to have returned to the market. Corporate earnings in Q2 have also exceeded expectations, further fueling the market’s buoyant tendency of late. But...