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Author: Saj Karsan

Be Independent

Almost exactly three years ago, Washington Mutual basically declared bankruptcy, resulting in shareholders losing pretty much their entire investments. A day before the bank went down, here’s what analyst recommendations...

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China Spin

It’s incredible how the same set of data can be spun in completely different ways, depending on the writer’s bias. A few days ago, China’s Canadian lumber imports for September were released. Lumber is a key...

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Acme Hums Along

One stock that has held up remarkably well through this recent period of market volatility is Acme United, which has been previously discussed on this site as a value idea. Recently, the company’s CEO granted an interview...

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Short Memories And Temporary Conditions

While there are many who believe market prices accurately reflect all available information, value investors believe there are many instances where market prices can be way out of line with reality. In our society, financial...

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Gaming Partners Cashes In

Value investors love companies with lots of cash. At the very least, a net cash position protects a company from going under when times are tough. And during good times, the cash can be doled out to shareholders. But whether a...

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Quality of Earnings: Chapter 4

Investors rely heavily on the financials that companies release. But managements have significant leeway when it comes to creating its results. In this book, Thornton O’Glove tells investors how to judge the quality of a...

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Quality of Earnings: Chapter 3

Investors rely heavily on the financials that companies release. But managements have significant leeway when it comes to creating its results. In this book, Thornton O’Glove tells investors how to judge the quality of a...

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Betting On Long-Term Growth

Investors with huge amounts of assets under management (e.g. pension funds, sovereign wealth funds etc.) are buying US government debt at an astonishing rate. As a result, the annual return one can expect on a US 10-year...

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Perceptron’s Perception

Perceptron (PRCP) sells measurement and inspection products that are used by a range of customers from car manufacturers to plumbers. This is a profitable company with a ton of cash (relative to its market cap) and no debt,...

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Markets Affect The Business

There is an implicit assumption in value investing that market values or changes in market values do not affect business values. This is not entirely true. This occurs not only from a macroeconomic perspective (e.g. some...

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