Author: Saj Karsan

Last month, we discussed ITEX Corporation (ITEX) and noted that even though a couple of value investor groups hold significant percentages of the company, management seemed intent on protecting its own interests over those of...

Imagine a company that doesn’t hand out stock options, but where management owns a significant but non-controlling stake in the company. Now imagine that its CEO has been at the helm for almost 25 years, slowly building up...

The following is a guest post from IR GRO:Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is an emerging biopharma company that has a pair of lead compounds in late stage development: Perifosine for the treatment of cancer and...

We have discussed a couple of companies on this site that don’t trade on the major exchanges (e.g. the NYSE, the Nasdaq etc). Though it has been mentioned that over-the-counter stocks do not offer investors the same...

Mirant (MIR) produces and sells electricity in specific markets within the US. It trades at its lowest price in several years, and currently has a P/E of just 3 and a P/B of just .35! It has almost as much cash as it does debt,...

Charlie Munger says the most important rule in management is “Get the incentives right”. Munger argues that the power of incentives is constantly underestimated. In Freakonomics, Steven Levitt shows us how pervasive...

Charlie Munger says the most important rule in management is “Get the incentives right”. Munger argues that the power of incentives is constantly underestimated. In Freakonomics, Steven Levitt shows us how pervasive...

Karsan Value Funds (KVF) is a value-oriented fund, as described here. Due to securities regulations, the fund is not open to the public at this time. Should that change in the future, there will be an announcement on this...

In previous posts, we’ve discussed how forecasts are rarely accurate, and are better at telling us what has happened rather than what is going to happen. So why then do we continue to “consume” forecasts,...

Vicon Industries (VII) sells video surveillance equipment. The company trades for just $23 million, but has cash of $15 million, current assets of $36 million, no debt, and total liabilities of just $9 million. In addition, the...