Jeffrey Bash-
I saw the same problem, out of date info on insider trading. I hope they get it right, though. It would be very beneficial.
Mike Burry-
I haven't had time to do the promised "good writeup" on Conso Products Co. (CNSO), but I saw they just purchased Simplicity Patterns Co. for $33 million (Simplicity's net sales were $55 million last year).
CNSO a textile company here in upstate SC. They occupy a niche making fancy tassels for furniture, drapery, etc. Sounds mundane, and Warren advised us to avoid textiles like the plague, but CNSO has a very sharp husband & wife management team, who are both accountants and own 42% of the company. They have hit a rough patch due to competition, but appear to be getting back on track and still are by far the dominant player in their market. They have grown by making smart acquisitions, and the Simplicity purchase gives them a solid brand name at what may be a very reasonable price, though I have seen no detailed financials on Simplicity to indicate profitability.
If anyone is interested, I'll try to post more on CNSO this weekend. I've just been too snowed under with my own small business, and picking apart another company's numbers seems to take me quite a bit longer than most of you folks.
But, hopefully I'll get a bit faster soon. Recently I used your Sealpoint web site to pick up five classic investment tomes including Graham's Security Analysis & Intelligent Investor, Fisher's Common/Uncommon, and a couple others. So maybe I'll run with the big dogs yet.
As always, thanks to all of you for your thought provoking posts. |
