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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: FJV who wrote (42680)	5/17/2011 8:42:47 AM
From: Madharry	Respond to of 78471

My break even is around $7 which is something like 2x earnings net of cash. If i am right about gfre I own enough that it will eventually be at least 20% of my n.w. If I am wrong then it will be worth zero. Now if you look at what happened with Yahoo, you need to realize that the risk of legal skulldugery seems to be endemic to chinese companies. So I think people who think that there is some dichotomy between large and small caps, hk listed, chinese listed , and US small caps investing in chinese might be kidding themselves. What I dont understand is that I thought that yahoo and softbank had seats on the board of Alibaba so how could the transfer been done without their knowledge. I dont own yahoo so I havent been involved but one has to really question how they are keeping track of their investments which is the reason a lot of value investors own the stock. I am actually surprised that someone like Haverty of Gamco, i think, who has been pretty vocal about why yahoo is such a bargain was also blindsided by this.

To: FJV who wrote (42680)	5/17/2011 10:39:50 AM
From: Madharry	1 Recommendation Read Replies (1) \| Respond to of 78471

GFRE- I listened to the Q&A part of the conference call. the questions seemed better than the answers. I guess the principal sounds like a typical entrepreuner, he wants to grow the business long term, and doesnt really want to sacrifice a long term plan for the clearly advantageous alternative use of the cash to buy back shares. When someone put on him on the spot though and asked him if they were still dithering about buying back stock or were actually planning to do so he replied that they intended to buy back stock or they would not have announced a share buy back. To me that means that there will be some sort of buy back but most likely more modest than investors like me would hope for. If any of you are interested in buying gfre shares I strongly suggest you listen to conference call. Its a bit time consuming but on the recorded one you can skip over the lengthy chinese exchanges.