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Strategies & Market Trends : Value Investing
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From: Spekulatius7/13/2012 2:35:43 PM
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SPLP. - what does the thread think about SPLP, the Steel Partner hedge fund vehicle. They own stakes in a motley crue of small cap companies. Management fee issues to, as they issued themselves shares at a discount to prevailing share prices to pay for deferred compensation. However, the NAV seems to be around 16$/unit and the unit trades at 10.85$. I bought some in my IRA as sort of a tracking position today.

I don't have a whole lot of conviction but the discount to NAV makes it a potential value.

I see Sergio posted about this already:
Message 28242658
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