Thursday, November 25, 2021

Deck the HALL

  • Over 50% discount to book value, as a result of terrible underwriting results in recent years.
  • But under new management, earnings of over $14 million so far this year on market cap of $78 million.
  • Insurance market continues to harden, as the company has implemented a 12% rate increase so far this year.

Monday, November 1, 2021


I've become more interested in historical fiction lately, bringing me to my latest read: London: The Novel. Over a couple of thousand years, this city has gone from a backwater to one of the most important world capitals.

Friday, October 8, 2021

Karsan Value Funds: 2021 Q3 Results

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 site.

Saturday, August 7, 2021


Matterhorn is one of the best books I've read in a while. It's a novel that puts you in the trenches of the Vietnam War.

Wednesday, July 28, 2021

New Home Buyout

Three years ago, I discussed The New Home Company as a potential value stock. Last week, the company announced that it has accepted a buyout offer.

Thursday, July 15, 2021

Perdoceo Is One Of My Favourite Stocks

Perdoceo (NASDAQ:PRDO) is extremely cheap any way you look at it. The market cap is $820 million, but the company has a net cash position of $400 million, for an enterprise value of $420 million.Read more...