tag:blogger.com,1999:blog-7294165939647321702.post1263390820246928735..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: The FundSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-7294165939647321702.post-75520804391197711362011-04-04T05:34:33.679-04:002011-04-04T05:34:33.679-04:00I really enjoyed your blog. It is alot like mine. ...I really enjoyed your blog. It is alot like mine. Check it out at http://investingadvicebygeorge.blogspot.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-54906475640809405282010-07-13T18:04:42.193-04:002010-07-13T18:04:42.193-04:00Hi Sheldon,
I'm sure there is software for th...Hi Sheldon,<br /><br />I'm sure there is software for this purpose that you can purchase, but I can't really recommend any offhand. Myself, I have found Google Spreadsheets rather intuitive in this regard, but you have to do some of the work to set it up yourself, which I'm not sure if you're into.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-17714573390282271172010-07-08T20:41:32.165-04:002010-07-08T20:41:32.165-04:00Saj
I am wondering what the best way to keep trac...Saj<br /><br />I am wondering what the best way to keep track of financial results is. I want to know the return I receive on individual stocks as well as my overall portfolio, including cash positions. Data fields would include symbol, quantity, purchase price, purchase date, current price, selling price, selling date, return, annual return, dividends, etc. I also want to compare these results to a benchmark, like the S&P 500. Any ideas? If there is a Microsoft Excel option that would be perfect. Please help. <br /><br />Sheldonsmanchurhttps://www.blogger.com/profile/14450813983946286759noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-1260474731350841882010-02-09T02:11:47.325-05:002010-02-09T02:11:47.325-05:00Hi T.
I'll take a quick look sometime soon an...Hi T.<br /><br />I'll take a quick look sometime soon and let you know if I find anything interesting.<br /><br />-SajSaj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-69650876516578814102010-02-04T16:20:48.533-05:002010-02-04T16:20:48.533-05:00any ideas on DVR, YTEC or SYY?
thanks!any ideas on DVR, YTEC or SYY?<br /><br />thanks!Unknownhttps://www.blogger.com/profile/07038072152369209027noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-56331271305739472592010-01-17T17:00:41.708-05:002010-01-17T17:00:41.708-05:00Hi smanchur,
I'll take a look in the near fut...Hi smanchur,<br /><br />I'll take a look in the near future and let you know if I find anything interesting.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-34232933399678405052010-01-17T01:26:26.430-05:002010-01-17T01:26:26.430-05:00Saj
You've probably seen this idea floating a...Saj<br /><br />You've probably seen this idea floating around for a while now. TravelCenters of America (TA) is trading at a large discount to book value with strong current assets relative to current debt. Management seems to have cut costs in the last 12 months to help offset declining revenues. A slight up tick in vehicles traveling on the interstates should put this company back in the black. Even if this does not happen for a few quarters the balance sheet should be strong enough to withhold. What do you think?smanchurhttps://www.blogger.com/profile/14450813983946286759noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-20961959442158570892010-01-06T00:17:21.876-05:002010-01-06T00:17:21.876-05:00Hi smanchur,
I've discussed CONN here. Yeah M...Hi smanchur,<br /><br />I've discussed CONN <a href="http://www.barelkarsan.com/2009/10/conns-inc.html" rel="nofollow">here</a>. Yeah MTXX might be interesting, but one would have to understand the prospects of the lawsuits quite well to be confident of a valuation.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-89401636219247611332010-01-05T01:03:44.985-05:002010-01-05T01:03:44.985-05:00Saj
Another idea worth looking at is Matrixx Init...Saj<br /><br />Another idea worth looking at is Matrixx Initiatives (MTXX). Very strong Balance Sheet trading at roughly a 25% discount to book value. Earnings have remained relatively strong even after the recall of its two major products. The concern is litigation about its nasal products which had been recalled in July. Well worth digging in to.smanchurhttps://www.blogger.com/profile/14450813983946286759noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-8031522410528176582010-01-04T23:48:43.288-05:002010-01-04T23:48:43.288-05:00Saj
I have an idea that might be worth looking at...Saj<br /><br />I have an idea that might be worth looking at. Conn's Inc (CONN). The company has been using in store financing to make sales recently, leading to some concern. Let me know what you think.smanchurhttps://www.blogger.com/profile/14450813983946286759noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-89673843088059808862009-12-08T00:04:17.445-05:002009-12-08T00:04:17.445-05:00Hi Aaron,
I'll try to take a look in the comi...Hi Aaron,<br /><br />I'll try to take a look in the coming week and let you know if I find anything interesting.<br /><br />-SajSaj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-44226409197321841712009-12-07T00:18:28.053-05:002009-12-07T00:18:28.053-05:00Hey Saj, I really enjoy reading your blog and have...Hey Saj, I really enjoy reading your blog and have a fledgling blog of my own. I posted a stock idea that I think fits your strategy nicely and I would love to hear your thoughts/questions/criticisms.<br /><br />Here is the link,<br /><br />http://valueinvestorblog.wordpress.com/2009/12/07/asta-funding/<br /><br />Worth noting that the 10-K is due out very soon (investor relations told me they are in their quiet period right now) and the stock was up 15% on friday. I've been following it for a few weeks now.<br /><br />AaronUnknownhttps://www.blogger.com/profile/09109891419445672487noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-36367279586508645722009-10-30T16:21:38.456-04:002009-10-30T16:21:38.456-04:00Hi Varun,
The Fund does not utilize futures or op...Hi Varun,<br /><br />The Fund does not utilize futures or options to manage quarterly volatility, as the focus is on the long-term as you said.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-67936364556226686572009-10-30T01:56:50.974-04:002009-10-30T01:56:50.974-04:00How do you manage risk in this Fund, Futures and O...How do you manage risk in this Fund, Futures and Options ?. Considering this is a "long term fund" DO YOU ACTUALLY NEED TO DO IT AT ALL ? you dont have the onus to mantain a positive eps , therefore i dont think u need to go for those weapons of mass destruction , do u ?Varun Kumarnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-36178379060835674652009-10-21T17:48:56.331-04:002009-10-21T17:48:56.331-04:00Hi Anon,
PZZI has excellent returns on equity, bu...Hi Anon,<br /><br />PZZI has excellent returns on equity, but it trades at a P/B of 4+, so it will have to continue to grow successfully to be worth a buy here. However, if you understand their advantage and believe they will continue to grow with those kinds of returns, it looks good.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-88732741887260405982009-10-14T18:27:46.346-04:002009-10-14T18:27:46.346-04:00I must excuse myself for my previous post, I was w...I must excuse myself for my previous post, I was wrong on a few accounts. It seems they have 2 others developments going on. Also I'm not sure if they have been selling part of their company because it is their business plan or because of the legal problem it had. As one can see how the unusual expense deteriorated their profits the past few years.Akwonnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-16072318069119171392009-10-14T15:25:04.744-04:002009-10-14T15:25:04.744-04:00hey saj, I found a company with a great balance sh...hey saj, I found a company with a great balance sheet. Its QLT. It has more current asses-total liability than its market cap, and it just sold a division of its company for 230 mil. Of course its not 230 mil upfront cash. But factoring in even 1/4 of that they have more cash than its market cap. The only problem I see with this company is that it only had two drugs out in the first place, and the 230 mil came from selling one of there two drugs. Also their next drug in R&D is in phase I. It might take 7-10 years before this drug is profitable, if it even passes the first 3-4 stages. Also biotech's inventory isn't as simple as nuts and bolts so it could be outdated, and written off real fast. So I am pretty much torn, fearing all the contingencies of a bio tech company, loving it because of the strength of its balance sheet as well as its strong business plan. As a bio tech company they understand they will not beat Baxters, or Amgens, so it seems they are re-structuring to keep costs low then selling divisions off as they develop new products. I would definitely love to hear what you think.AKwonnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-87367694291709512572009-10-09T14:16:48.615-04:002009-10-09T14:16:48.615-04:00You might want to take a look at Pizza Inn (PZZI)....You might want to take a look at Pizza Inn (PZZI). Very small cap (about $13 million market cap), easy to understand, reasonably priced, buying back large amount of its outstanding shares.<br />Jimmymac - Long PZZIAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-65922875856689196142009-07-27T15:02:56.777-04:002009-07-27T15:02:56.777-04:00Hi Robert,
Unfortunately, I can't sell shares...Hi Robert,<br /><br />Unfortunately, I can't sell shares to the public, as it's a small fund and the securities laws in my jurisdiction make it expensive to become eligible. However, there are some exemptions; e-mail me if you would like more information.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-22513641256065762642009-07-27T05:07:21.224-04:002009-07-27T05:07:21.224-04:00Saj, congrats. I am interested in investing in you...Saj, congrats. I am interested in investing in your fund. Is this a hedge fund, offshore, etc? Please reply. Thanks!<br /><br />Robert PriceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-15868490961037010332009-07-23T08:46:36.505-04:002009-07-23T08:46:36.505-04:00I think zcl is conservatively worth $6 and $8 at t...I think zcl is conservatively worth $6 and $8 at the high end, once the economy improves.longlakenoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-83136984498326066762009-07-22T22:27:46.926-04:002009-07-22T22:27:46.926-04:00Thanks, Longlake!
Magic Software looks interestin...Thanks, Longlake!<br /><br />Magic Software looks interesting. Excellent cash position relative to market price. If you're someone who is familiar with the enterprise software integration industry, you might see a great price here.<br /><br />I looked at ZCL last year and I find it pretty fairly valued even at these reduced levels, though maybe things have changed in that time.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-28835223154526697292009-07-22T16:32:09.462-04:002009-07-22T16:32:09.462-04:00oh ya, MGIC (not ticker MTG)oh ya, MGIC (not ticker MTG)longlakenoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-66383055257056512462009-07-22T15:40:37.677-04:002009-07-22T15:40:37.677-04:00best of luck. have a look at MGIC and ZCL.TO
disc...best of luck. have a look at MGIC and ZCL.TO<br /><br />disclosure: long bothlonglakenoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-9356415180759082262009-07-06T15:17:28.146-04:002009-07-06T15:17:28.146-04:00Thanks, Sivaram!Thanks, Sivaram!Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.com