tag:blogger.com,1999:blog-7294165939647321702.post7814447342467065219..comments2024-03-11T10:31:06.107-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Goodfellow Toughs It OutSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7294165939647321702.post-36290659217766418452022-01-11T11:33:35.492-05:002022-01-11T11:33:35.492-05:00Hi, 12 years have gone by, valuation roughly doubl...Hi, 12 years have gone by, valuation roughly doubled, considering time horizon and huge GDP advancement during this time frame, its not a huge achievement vs SP 500 index. But what is interesting is that Discount to Net Current Assets is firmly in place. This is probably more to do with poor business dynamics particuarly extremely poor margins and extremely low return on capital. I do not think Mr Market is wrong for over a decade.<br />Maxhttps://www.blogger.com/profile/08957799187862242836noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-77084580540891234072009-07-20T00:10:58.188-04:002009-07-20T00:10:58.188-04:00I totally missed the "one time profit" w...I totally missed the "one time profit" when I read through the GDL financials the first time.<br /><br />Thanks for pointing that out!Ravenhttp://blog.fumbledmumblings.comnoreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-76880039164371596752009-07-10T06:37:31.765-04:002009-07-10T06:37:31.765-04:00Thanks, Anon.
Liquidity is certainly a risk, howe...Thanks, Anon.<br /><br />Liquidity is certainly a risk, however it is unlikely this company could not get an extension considering the liquid assets dwarf that debt amount.Saj Karsanhttps://www.blogger.com/profile/04493152766022812984noreply@blogger.comtag:blogger.com,1999:blog-7294165939647321702.post-28144492680784373592009-07-09T10:20:31.976-04:002009-07-09T10:20:31.976-04:00Great job on running the blog!
GDL had $28m of ST...Great job on running the blog!<br /><br />GDL had $28m of STD and only $0.4m of cash as at 31 March 2009. Don't you think this could lead to some short term liquidty problems given poor CF performance?Anonymousnoreply@blogger.com