tag:blogger.com,1999:blog-7294165939647321702.post3729701499185211933..comments2024-03-11T10:31:06.107-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: H&R Block: The Panic's OverSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7294165939647321702.post-5880069893200302312012-02-02T16:25:20.939-05:002012-02-02T16:25:20.939-05:00Thanks, MT!Thanks, MT!Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-30194921950069368272012-02-02T00:05:54.200-05:002012-02-02T00:05:54.200-05:00Your last paragraph is one of the best I've re...Your last paragraph is one of the best I've read in a while.<br /><br />Keep up the great work.<br /><br />mtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-47415771400734800482011-04-20T13:43:41.118-04:002011-04-20T13:43:41.118-04:00Hi Anon3,
GLW does look cheap to me, but it is al...Hi Anon3,<br /><br />GLW does look cheap to me, but it is also complex with a lot of moving parts, including some segments that are out of my circle of competence.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-19209072595495413862011-04-13T16:09:50.125-04:002011-04-13T16:09:50.125-04:00Hi Anon,
I have put my latest comments on GDC her...Hi Anon,<br /><br />I have put my latest comments on GDC <a href="http://www.barelkarsan.com/2011/04/genesis-land-disbelieved-offer.html" rel="nofollow">here</a>.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-54907518823454538952011-04-13T16:02:37.365-04:002011-04-13T16:02:37.365-04:00Hi Anon2,
It does not look as though they have so...Hi Anon2,<br /><br />It does not look as though they have solved the problem, but yes it looks like it's only a smart part of their profits.<br /><br />Hi Anon3, <br /><br />I haven't looked at GLW, but it looks interesting. If I have any thoughts on it I will post back here.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-79016600143713082602011-04-11T23:16:26.494-04:002011-04-11T23:16:26.494-04:00I must add that it was due to your research and bl...I must add that it was due to your research and blog that i invested in HRB in the first place. So once again, thanks.Philberthttps://www.blogger.com/profile/10454156659046037606noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-69844631547204510862011-04-11T22:20:54.078-04:002011-04-11T22:20:54.078-04:00Great job Saj, and thanks for the idea on HRB as I...Great job Saj, and thanks for the idea on HRB as I benefited from it too!<br /><br />I know you get these inquiries all the time but I was wondering if GLW ever crossed your radar. It used to be kind of a darling but has lost ~20% of value in recent times (still high off its 52 week low, as well, though). It trades at around 10 times current earnings, 9x projected earnings for next year, has around 3 dollars a share in net cash and is in an industry with explosive growth potential (has a patent on a very high-potential glass that is already used for smart phone screens and makes fiber cable which is speculated by many to be an area of explosive growth in coming years). The management has a conservative history and claimed that they will have double current business in 2-3 years. Sounds like a very cheap stock for all of the growth potential, and even pays a rather solid dividend. Would just be curious if you had any thoughts on it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-54797678718461323432011-04-11T20:04:41.530-04:002011-04-11T20:04:41.530-04:00You were once an owner of GDC.TO. I donot know if ...You were once an owner of GDC.TO. I donot know if you still are. They are being acquired by Jupiter for $5.80 but shares are trading at $4.55 today, Monday. April 11?<br /><br />Could you please comment? I am a shareholder and I want to know. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-12823222977135441582011-04-11T20:01:12.989-04:002011-04-11T20:01:12.989-04:00Saj/Philbert-
I've liquated most of my origin...Saj/Philbert-<br /><br />I've liquated most of my original holdings, though am still an owner. I have a difficult time talking myself out of the moat they have and the competitive advantage that means. I've heard people have enjoyed Coke products for decades now and most likely will for decades to come. I find it conservative to state that people have had a need for tax assistance in the past and almost certainly will in the future (a bit heavy on the conservative side), though the enjoyable part depends on which side you're on!Iowanoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-7965504448472094712011-04-11T18:21:33.392-04:002011-04-11T18:21:33.392-04:00@Saj
I think, ultimately, it's important to s...@Saj<br /><br />I think, ultimately, it's important to stick with a value discipline. It's impossible to pinpoint the optimal buy and sell points on a stock, but if you stick to your guns, it should work out. <br /><br />I also think some of investing is just going with your gut; especially if your guts goes against prevaling wisdom. HRB being a good example.Philberthttps://www.blogger.com/profile/10454156659046037606noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-5670916075549540432011-04-11T18:04:13.843-04:002011-04-11T18:04:13.843-04:00Saj-
Wasn't the reason H&R Block dropped w...Saj-<br />Wasn't the reason H&R Block dropped was the loss of their ability to issue immediate refund loans/debit cards? Did they solve that problem or was the drop in the stock price over done in relationship to the amount of business they would lose from not having that service?<br />ps <br />I really enjoy your write ups.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-89615701677442229932011-04-11T16:37:33.952-04:002011-04-11T16:37:33.952-04:00I think the issue raised in this post relates to t...I think the issue raised in this post relates to the most troubling part of value investing. The problem is, there's a conflict between momentum and value. Many value investors, myself included, have been frustrated by how frequently our investments initially perform. We "sell shooting stars and buy falling knives". The value investing approach certainly works over the long term, but it's hard to deny the reality that short-term momentum also seems to be real.<br />-aagikdAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-3810123867690153102011-04-11T16:17:27.930-04:002011-04-11T16:17:27.930-04:00Thanks Paul and Philbert!
Yeah, Philbert, I under...Thanks Paul and Philbert!<br /><br />Yeah, Philbert, I understand how you feel about selling; I don't know the best time either. <br /><br />For one thing though, I like to set price targets beforehand so I'm not influenced by the market later in deciding when to sell. I also like to sell in increments on the way up (kind of the opposite of dollar-cost averaging), so that my risk goes down as the price goes up. Still, I have ended up leaving money on the table in some cases, but in others it has worked out well...I don't really know the best way to do it.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-37449571239941846082011-04-11T13:26:05.932-04:002011-04-11T13:26:05.932-04:00Thanks Saj.
Good work.
I also liquidated my post...Thanks Saj.<br /><br />Good work.<br /><br />I also liquidated my postion in HRB recently. It's hard to know whether it is worth it to hold on longer for a bit more upside or cash in the chips for another play.<br /><br />That's the part of investing I find the hardest - knowing when to sell.<br /><br />One position, in retrospect, that i regret selling is FTP. I bought it at $8 and sold at approx. $21. I pretty much tripled my money in a year. However, the stock proceeded to climb up into the $60 range. <br /><br />But I guess the stock changed from a value stock to a growth stock and one needs to stick with a value discipline.<br /><br />Perhaps, I need to do better at setting a price sell target.<br /><br />Any thoughts on that?Philberthttps://www.blogger.com/profile/10454156659046037606noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-69609923063027771402011-04-11T10:09:03.338-04:002011-04-11T10:09:03.338-04:00Great job again, Saj!
Don't forget to move th...Great job again, Saj!<br /><br />Don't forget to move this one to the "Value In Action" section! :)Paulnoreply@blogger.com