Author: Saj Karsan

Noting that positive (negative) earnings surprises tend to be followed by more positive (negative) earnings surprises, economist Dr. Hersh Shefrin makes the point that this occurs because the investor/analyst tends to be...

Late last year, we looked at a situation that very much resembled a leveraged buyout opportunity in which ordinary investors could partake. Today, we look at an opportunity in another area that retail investors are usually...

Value investor Joel Greenblatt takes the reader through a number of categories of investing examples where market inefficiencies exist. This book has numerous case studies, giving the investor a chance to learn and then apply...

Value investor Joel Greenblatt takes the reader through a number of categories of investing examples where market inefficiencies exist. This book has numerous case studies, giving the investor a chance to learn and then apply...

Where management has a significant portion of its net worth invested along with shareholders, agency costs are likely to be at a minimum. Shareholders can easily determine how invested management is in a company by looking in...

Value investors usually cringe when a company trading at a large discount to its assets announces an acquisition, as it usually means capital that would otherwise be distributed to shareholders is ending up elsewhere. True to...

Comtech Telecom (CMTL) provides telecommunication systems and services. The company trades for $785 million despite a net cash position of $400 million and operating income over the last four quarters of $130 million. This type...

What a difference a couple of years makes! In 2009, as the market set low after low, investors were cautioned to be aware of companies with defined benefit pension plans. Since shareholders are on the hook for the pension...

The real estate downturn in the US has resulted in low land values in many parts of the country. But in some cases, prices are perhaps too low. Consider Income Opportunity Realty Investors (IOT), a public company that invests in...