Author: Saj Karsan

One of the most important determinants of whether a company makes for a good long-term investment is the industry within which it operates. We’ve discussed the boom and bust nature of the housing industry, the generous...

Less than three months ago, we discussed the margin of safety that appeared to prevail in the price of Hammond Power Solutions (HPS.A). Since then, amidst the doom and gloom in the market, the price of the stock has increased...

Returning visitors to the site may notice that the site has a new look! Thanks for bearing with us over the weekend as we integrated the new features. Please let us know if you notice any problems.We believe there are some...

The moral of this chapter is: “Never Marry A Stock”.The author points out a number of instances where some of Buffett’s stocks may have traded above intrinsic value, but Buffett has not sold. Unfortunately,...

In this chapter, the author discusses some of the academic research devoted to studying the performance of value versus growth stocks. As defined earlier, value stocks are said to be those with the lowest P/E and P/B values,...

The media constantly exaggerate stories to the extreme – either positively, or negatively, depending on the circumstances. This shouldn’t surprise us; the way they make money is by shocking us into wanting to know...

All the financials of a company can look good. The prospects for its products might seem great, and products in the pipeline may appear to be even more impressive. But a poor corporate governance structure leads to managers...

Yesterday, stock in AM Castle (CAS), a diversified metals and plastics distributor, rose 52% after the company beat analyst expectations for its most recent quarter. While it is difficult for non-insiders to predict that...

Those of you who have followed this blog from its start know that when Reyer and I started posting, we were interested in finding out whether empirical evidence shows that value investing does indeed outperform the market. While...