Collection of Value Investing blogs in India, US, Ben Graham, Warren Buffet, Cigarbutt

Sold 66% of CACH shares at 6.30 with a return of 57% in 4 months

2011-05-12T07:16:00.000-07:00

We got lucky as Mr.Market quickly recognized the value in this stock. Sold 66% of this stock and there is still a little bit of further upside.

This week focus is to learn from Sir John Templeton

2011-01-29T11:51:00.000-08:00

I will add 10-15 links of various interviews of John Templeton. It is good advice to read and get insights from these interviews. It is incredible based on this inteview, John Templeton was able to see mortgage crisis way before. Some quotes I like - To be successful you need to keep changing your ideas and some times more than once a year. You should still have the same frame work but ideas

Sold -1-800-Flowers @2.85 - 54% in 4 months with annualized return of 162%

2011-01-27T19:25:00.000-08:00

Today I sold 1-800-flowers at 2.85. We bought this on sep 27 for 1.85, a 54% gain in four months. There might be further upside but I am happy with this return. We cannot hold these cigar butts for a long time. With out a strong competitive advantage in the business, we need to get out of it. After further research, I was not too comfortable with the management team also.

Bought Cache @ 3.99

2011-01-25T19:34:00.000-08:00

Company (Cache Inc – Bought at $3.99, 52 wk range – 3.86 – 7.25, P/B – 0.81, Market cap - $51MM) Profile: Cache owns and operates more than 270 women's-apparel specialty stores. The company's stores are concentrated in large metropolitan and suburban areas across the United States, often in shopping malls. Merchandise sold includes sportswear, eveningwear, and various accessories. The company

Lessons learned from my 32 bagger - GGP - General Growth Properties

2011-01-20T17:14:00.000-08:00

Finally I sold my General growth properties last week. I bought it around 67 cents and finally sold it around 21 dollars. As many of you know that General growth propertie is second biggest mall owner is US. It has liquidity problem in 2009 and the stock tanked from 60 dollars to 67 cents. While I was searching for deep value, I found GGP. When Bill Ackman explained that it will go to atleast 15

Bought SKX at 21.80

2011-01-03T23:08:00.000-08:00

Skechers - 01/04/11 Summary - Skechers designs and markets Skechers-branded contemporary footwear for men, women and children under several unique lines. Skechers operate 235 retail stores and 40 international stores. Core consumers are style-conscious 12 to 24 year-old men and women attracted to our youthful brand image and fashion- forward designs. Skechers best-selling and core styles are

Warren Buffett hired Todd Combs, 39, to manage some of Berkshire Hathaway's portfolio

2010-10-25T18:49:00.000-07:00

FORTUNE -- Today, a large Berkshire Hathaway mystery lifted when a Greenwich, Conn., hedge fund, Castle Point Capital Management, quietly advised its investors that the fund's managing partner, Todd Anthony Combs, would leave to join Berkshire at the end of the year. Behind that simple fact is a big story: Combs, a mere 39, will with this move become the leading contender to eventually succeed

Bought Shanda interactive Entertainment - SNDA @ $40.20

2010-10-17T11:47:00.001-07:00

Shanda Entertainment is one of the largest operators of online games in China through Shanda Games. In 2009 it spun off Shanda Games for $1B in an IPO. This is capitalizing on china’s exploding online gaming market. As part of its growth strategy, the company in 2009 acquired 51% of ringtone provider Hurray! Holding Co. -- later renamed Ku6 Media Co. -- in a deal valued at $46.2 million. Then, in

Scary stuff about China and Japan bubble

2010-10-16T16:22:00.000-07:00

One of the very good interviews I read about China and Japan. I need to validate this info with my friends in China and Japan. Very logical interview, though I do not agree few points but still very interesting info. Thanks Contrarian Edge An interview with Vitaliy Katsenelson, Chief Investment Officer, Investment Management Associates, Inc., and author of Active Value Investing. Profiled in

Picked up some Visteon@57

2010-10-05T17:52:00.000-07:00

I have picked up Visteon today at 57. I think this is no brainer. If you want to read the detailed analysis, please read it here. The entire credit goes to Ryan from Cushman Capital. Excellent Analysis. Brief Business Description: Visteon Corporation is a global Tier 1 supplier of automotive products to original equipment manufacturers (OEM’s). Visteon is a market leader in each of its

Arbitrage Spreads

2010-10-04T19:54:00.000-07:00

Reuters has excellent website which provides you arbitrage spreads. Based on Seth Klarmans interview, there are a lot more values in spin off's, post BK and merger arbitrage. My quest for learning has only increased. I will continue to post any possible links to these items. http://www.reuters.com/finance/deals/arbitrageSpreads

Excellent write up on Visteon by Average odds investing

2010-10-04T17:50:00.000-07:00

Hat tip to mwhitman for doing all the heavy lifting Thesis: The Visteon Corporation is a classic post reorg/special situation with a large margin of safety and substantial near-term upside potential. Brief Business Description: Visteon Corporation is a global Tier 1 supplier of automotive products to original equipment manufacturers (OEM’s). Visteon is a market leader in each of its three core

Seth Klarman's CFA interview - Must Read

2010-10-04T05:09:00.001-07:00

http://www.scribd.com/doc/37268558/Seth-Klarman-CFA-Presentation

Insights from Mohnish Pabrai's annual meeting

2010-10-03T20:53:00.000-07:00

Pabrai Funds Annual Meeting Chicago Illinois September 25th 2010 Prepared Comments: The meeting started with an overview of how the fund has performed. Since the fund was started in 2001, it has returned 15.1% annually compared to -1.5% for the S&P 500. $100,000 invested in the fund in June of 2000 would be $408,000 today. Mohnish’s goal is to beat the index by 3% annually. This

Great letter from Howard Marks - Oak Tree Capital Mgmt

2010-10-02T08:49:00.001-07:00

http://www.docstoc.com/docs/document-preview.aspx?doc_id=56151996&key=OGIzYjhmZDAt&pass=ODkxOC00M2Jj

Recent pick Analysis

2010-09-30T19:40:00.000-07:00

One of my friends recommended me to start writing detailed analysis on my picks so that one understand my thought process. Here is the analysis of a recent pick Nobody likes discretionary income retailers these days in this tough economy. How much would you pay for a company that does online retailing who earns close to $30MM EBITDA and $25MM free cash flow? I would say 7 times EBITDA on a

Bought FLWS @1.85

2010-09-27T21:23:00.001-07:00

1-800-FLOWERS.COM, Inc. (1-800-FLOWERS.COM) is engaged in providing flowers and plants, gift baskets, gourmet foods, confections, balloons and plush stuffed animals. Its BloomNet (www.mybloomnet.net) international floral wire service provides a range of products and value-added services designed to help professional florists. The 1-800-FLOWERS.COM, Inc. Gift Shop also includes gourmet gifts, such

Nice Interview from Charlie

2010-09-25T16:36:00.001-07:00

http://www.fool.com/investing/general/2010/09/24/charlie-munger-on-communism-botox-and-goldbug-jerk.aspx?source=ihpdspmra0000001&lidx=3

Sold DLIA

2010-09-23T19:36:00.000-07:00

Sold DLIA for 2.10. Not bad for a 30% annualized return. The reason why I sold DLIA is it could become a value trap. It continues to bleed and the only end game for this is some one else to buy. The more I read about retail industry, the more it is clearer that it is very tough to invest in this with chaning fashions.

Fascinating video about Quants

2010-06-12T12:50:00.000-07:00

This is a fascinating video of Quants. Why should we bother about quants. We all know that every model is based on historic data. We also know historic data does not capture every possible scenario. This will only provide more opportunities for people like us where we are patient and take opportunities when they come by

Charlie Munger - Nuggets of wisdom

2010-06-08T14:12:00.000-07:00

Sorry for no updates in the last few months. Been pretty busy as wrote CFA level II test. Here are some words of wisdom from Charlie in the latest Wesco meeting. It is a must read. Thanks inoculated investor. Charlie Munger: The plan is to follow the procedure from last year and then talk about interesting issues. Regarding his general observations, he is flabbergasted that so many people

Highlights of BRK meeting

2010-05-01T22:24:00.001-07:00

http://www.cnbc.com/id/36885741 More Notes http://cornerofberkshireandfairfax.ca/forum/index.php?PHPSESSID=4g9qjqkogupu3o70rtkmcrled4&topic=2346.0

Great Interview from Mason Hawkins - Southeastern Mgmt and Tweedy Browne Mgrs

2010-04-28T23:54:00.001-07:00

http://www4.gsb.columbia.edu/null/download?&exclusive=filemgr.download&file_id=733713

Einhorn's letter - One of my favorite hedge fund manager

2010-04-26T19:55:00.001-07:00

http://www.marketfolly.com/2010/01/david-einhorns-greenlight-capital.html. Thanks Market folly

Grantham - Against Graham and Dodder's

2010-04-26T19:51:00.001-07:00

http://www.gmo.com/websitecontent/JGLetter_ALL_1Q10.pdf