Author: Saj Karsan

The Hallwood Group (HWG) produces fabrics and finishing processes for the textile industry. It trades at a P/E of less than 3, with just $4 million of debt against $10 million of cash. Last quarter, the company generated...

Tandy Brands (TBAC) markets and sells belts, wallets and other accessories under a variety of brands including its own labels, brands it licenses, and private labels (retailer brands). The company has a book value of $44 million...

I have been getting more and more requests for my specific valuations and “buy” prices for particular stocks. Because I have declined to divulge such information, I have received many questions as to why I’m...

Berkshire Hathaway’s letters to shareholders are oft-quoted and Berkshire’s annual shareholder meeting is well-followed, as value investors try to glean the wisdom of the world’s greatest investor. But before...

Ken Fisher manages $35 billion in individual and institutional funds and is value-focused. His father wrote a terrific investment book discussed here, but this book is about Ken’s investment philosophy, which evolved over...

When Ben Graham was researching stocks, it wasn’t easy to get information. Companies did not have to disclose the kind of info we take for granted today, and 3rd party analysis that was independent was hard to come by...

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...

Would you want an interest in a retailer that sells music CDs? Neither would I. But what if the price of that retailer is just a fraction of the company’s inventory? Mr. Market is still not interested, which is why you...

American Reprographics Company (ARP) provides document-management services primarily to the architectural, engineering and construction (AEC) industries. Since those are cyclical industries, demand for ARP’s services has...