tag:blogger.com,1999:blog-7294165939647321702.post5346768789323099390..comments2024-03-11T10:31:06.107-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Seagate: Get It While It's DownSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7294165939647321702.post-22611414365578625092011-01-24T18:56:21.459-05:002011-01-24T18:56:21.459-05:00Thanks for your comments, guys! I'm happy to d...Thanks for your comments, guys! I'm happy to discuss the issues surrounding this and other potential investments, however, I don't disclose timing of purchases/sales and my target prices, as per <a href="http://www.barelkarsan.com/2009/10/intrinsic-values.html" rel="nofollow">this post</a>. Hope you guys understand!Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-20462049880665659142011-01-21T09:11:01.983-05:002011-01-21T09:11:01.983-05:00Hi Saj,
Did you buy some Seagate now that it fell...Hi Saj,<br /><br />Did you buy some Seagate now that it fell after earnings?<br /><br />Still a bit hesitant on this one given proliferation of non-hard drive based devices (i.e. mobile, tablets, etc.)Sachinhttps://www.blogger.com/profile/09222643634903315031noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-30759730596054719542011-01-21T02:44:14.752-05:002011-01-21T02:44:14.752-05:00Thanks SajThanks SajMr. Marketnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-57638244358047617082011-01-20T23:59:43.003-05:002011-01-20T23:59:43.003-05:00Now that Seagate has reported, what is your opinio...Now that Seagate has reported, what is your opinion now? I did my own analysis and based on three different approaches (DCF, a Warren Buffet inspired Intrinsic Value and an Entry Price calculation based on Prof. Athanassakos approach) came to a fair value of around $45/share. However, short time volatility may persist, creating opportunity to pick up this stock at an even lower price. Your take?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-9596677664739737082011-01-20T20:05:24.317-05:002011-01-20T20:05:24.317-05:00Thanks Mr,
The value of an investment is the disc...Thanks Mr,<br /><br />The value of an investment is the discounted sum of its future cash flows, so that's always what you're after. For most companies, I would say earnings power is a reasonable proxy for this, and easier to estimate, so that's why I focus on it. <br /><br />Obviously, this is not always the case, so when earnings and cash flow don't match for whatever reason (example <a href="http://www.barelkarsan.com/2009/07/diamonds-in-mortgage-rough.html" rel="nofollow">here</a>), it's cash flow that matters.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-2205687840661466712011-01-19T04:04:03.742-05:002011-01-19T04:04:03.742-05:00Hi Saj,
I'm a frequent reader but it's my...Hi Saj,<br /><br />I'm a frequent reader but it's my first time to post. Though I invest in a different market, I find your posts relevant and its good to see ben graham's principles at work. <br /><br />I have a question though, when I read Security Analysis, I seem to recall one of the editors compare earning power with today's concept of free cash flow, before that I used to think of earning power somewhat as the average earnings, like what you mentioned in your post a few years back. What can you say of this? What do you think are the similarities/differences between ben's concept of earning power and today's concept of cash flows? Sorry for the long post, your reply would be very much appreciated.<br /><br />More power and good luck with the fund. -MPAMr. Marketnoreply@blogger.com