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

To: E_K_S who wrote (43861)	8/11/2011 12:27:44 PM
From: Mr.Gogo	Read Replies (1) \| Respond to of 78752

EKS, I don't understand how will the book value increase when you pay debt? Are they paying from cash or going to issue shares? Georgi

To: E_K_S who wrote (43861)	8/13/2011 10:39:49 AM
From: Kapusta Kid	Respond to of 78752

As for Kapusta Kid, I saw some old Kovacs videos on Youtube and decided to change my moniker. I loved Ernie's stuff (yeah, I'm old). Actually, I've been posting on this thread (sparingly) for almost 15 years. I was kind of tickled to read an article about Mike Burry in which he mentions a winning investment in WHX. I gave him the idea. The company was selling for below its net cash. I got the idea from an article on TheStreet.com back when it was first launched. That was well before Cramer became a media star and started playing the fool. The WHX article was written by someone else. Even using a zero growth projection, I see SVU as a possible three-bagger. @3x Free Cash Flow is just stupid. And calculating tangible book as Current Assets + Fixed Assets - Total Liabilities, it's selling for far below book. Be patient, collect 5%+ and wait. That's me. I developed an iron ass playing the horses.....