tag:blogger.com,1999:blog-7294165939647321702.post2962813074404258703..comments2024-03-11T10:31:06.107-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: IGOI'ng To Where The Puck Is Going To BeSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7294165939647321702.post-11205972162820377392013-08-01T17:15:02.308-04:002013-08-01T17:15:02.308-04:00Hi Anon,
I don't think I add any value in the...Hi Anon,<br /><br />I don't think I add any value in the arbitrage game. I tend to sell before consummation.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-34866271070236739762013-07-31T13:26:09.990-04:002013-07-31T13:26:09.990-04:00Any thoughts on tendering the shares at $3.95 or j...Any thoughts on tendering the shares at $3.95 or just selling now? Any reason not to?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-61318797703912243232013-07-27T00:49:50.796-04:002013-07-27T00:49:50.796-04:00If you're interested in Steel Excel, you shoul...If you're interested in Steel Excel, you should consider Steel Partners, the parent company that controls it. <br /><br />OTC Adventures has a nice writeup here: http://otcadventures.com/?p=90Charles Hanghttps://www.blogger.com/profile/12625629750203836775noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-58218327948465585522013-07-17T19:57:46.412-04:002013-07-17T19:57:46.412-04:00The cash is nice, as long as it's not blown on...The cash is nice, as long as it's not blown on badly priced acquisitions. I have a hard time valuing companies that are likely to have volatile demand environments thanks to volatile oil prices, however, so I wouldn't know how to determine a fair value for the Energy company.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-33910458595114827412013-07-16T23:53:58.200-04:002013-07-16T23:53:58.200-04:00Well it is trading at 0.9x book value. It earned 0...Well it is trading at 0.9x book value. It earned 0.26 EPS last quarter on the back of its Steel Energy division. As of March 31st, 2013 it had $261.8 million of cash and marketable securities, or $20.41 per share. The shares are currently trading around $29 -$30 each. They also hold NOLs of approx. 154 million.<br /><br />Philberthttps://www.blogger.com/profile/10454156659046037606noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-6768196130806948372013-07-16T22:10:35.717-04:002013-07-16T22:10:35.717-04:00Not really. What do you like about it?Not really. What do you like about it?Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-3049524602555792672013-07-16T09:39:42.093-04:002013-07-16T09:39:42.093-04:00Any thoughts on SXCL - the company that bought th...Any thoughts on SXCL - the company that bought them out?Philberthttps://www.blogger.com/profile/10454156659046037606noreply@blogger.com