Friday, April 26, 2013

Rise and Fall of the Third Reich

The Rise and Fall of the Third Reich is a book that all policy makers should read. It details the rise and fall of Adolf's leadership of Germany, including both the external (e.g. deficits, debt, The Depression) and internal (organization, oration, trickery) conditions that allowed him to thrive.

Thursday, April 25, 2013

EZCorp As Pie

Though the rising market has definitely made it harder to find value, some companies nevertheless are falling through the cracks. I recently read a compelling case for investing in cash advance provider EZCorp here. The company trades with a P/E of 6 and debt that is offset by minority stakes in two publicly traded companies.

Friday, April 19, 2013

Solving the Ridley

Lately, some of the longest-standing names on the Stock Ideas page have been graduating to the Value In Action page. The latest stock to make this transition is now Ridley Inc, maker and distributor of animal feed products.

Monday, April 15, 2013

Canam: Sold

One of the longest-standing members of the Stock Ideas page is Canadian manufacturer Canam Group. Today, Canam trades near multi-year highs, and so I've sold out of my position.

Wednesday, April 10, 2013

Barbarians at the Gate

The LBO craze of the 1980s culminated in the massive buyout of RJR Nabisco in 1989. Barbarians at the Gate takes the reader through the twists and turns that finally led to the consummation of this deal.

Friday, April 5, 2013

Karsan Value Funds: 2013 Q1 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.

Thursday, April 4, 2013

GameStop: Still In Business?

GameStop (GME) has been one of the more controversial stock ideas I've written up. Today, however, the stock is up almost 70% since it was first written up on this site. As such, GameStop becomes the latest company to join this site's Value In Action page.

Right from my first article on this company some three years ago (all of them are browse-able here), I began to receive a number of bearish comments on the stock. Short interest on this stock has reached upwards of 50%, with the very smart Jim Chanos among them. As a result, I think this investment illustrates some very important lessons that every value investor should remember.

Wednesday, April 3, 2013

iGo Buy This Stock; Where Do *You* Go?

Shares of iGo (IGOI) fell a whopping 35% yesterday, as the market soured on the company's latest financials and an announcement that a partnership with Texas Instruments (TXN) will not go forward. Value investors who are sitting on bloated cash positions thanks to the market's runup should probably take a close look at this one.