tag:blogger.com,1999:blog-7294165939647321702.post2721735991113387063..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Urbana Management RespondsSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7294165939647321702.post-30709705309332833902013-01-22T13:46:44.210-05:002013-01-22T13:46:44.210-05:00Any chance you know what % of the equity this grou...Any chance you know what % of the equity this group represented?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-27333982046657400062012-03-31T18:30:46.453-04:002012-03-31T18:30:46.453-04:00I'm a bit late to this topic but would like to...I'm a bit late to this topic but would like to add my 2 cents. <br />You mentioned the fee without mentioning how egregious it is - it's 3%. <br /><br />He controls the fund and can prevent it from being liquidated. There is literally nothing to stop him from doing nothing ( he has several other businesses ) and collecting 3% per year for the indefinite future.<br /><br />The buybacks may just be a token gesture to keep the share price propped up.<br /><br />I think that merits a pretty steep discount, not to mention his atrocious investment record.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-24706377617452444832011-11-02T18:54:12.846-04:002011-11-02T18:54:12.846-04:00Hi Anon,
I agree the investor may be no good, but...Hi Anon,<br /><br />I agree the investor may be no good, but the large discount combined with the 10% annual buyback was too much for me to pass up. Everyone will have a different opinion on the threshold for a buy.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-3706747796621957382011-11-02T16:03:49.748-04:002011-11-02T16:03:49.748-04:00I notice that most of their investments in exchang...I notice that most of their investments in exchanges have been absolute disasters. Most are held 50% or so below the initial purchase price. whats the evidence to say these guys are good? I think given lack of liquidity and poor investment history, this should trade at a massive discount.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-65390344310869002192011-11-02T06:40:41.525-04:002011-11-02T06:40:41.525-04:00So why do you own any shares in this outfit? It se...So why do you own any shares in this outfit? It seems like the exact kind of company i would avoid.Sometimes a discount in the share price is justified or maybe it is not enough.Anonymousnoreply@blogger.com