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

To: Paul Senior who wrote (52154)	8/19/2013 2:56:38 PM
From: E_K_S	Respond to of 78753

Re: IDSA Yes and in 31 days my high priced shares become losers and I still maintain my position. Check out their balance sheet as I did not realize they had so much cash. There was some discussion on one of the chat boards that even pieces of their business can be sold for more than the current stock value w/o a total liquidation. EKS P.S. Glad I got out with my other small buys at $6.00/share when the "old man" CEO sold some of his shares. He has since stepped down and retired so something should happen this year w/ the company IMO.

To: Paul Senior who wrote (52154)	8/22/2013 11:46:07 AM
From: E_K_S	Respond to of 78753

Re: Industrial Services of America, Inc. (IDSA)- stock +17% on 1.5x ADV It looks like some value investors started to nibble at some shares and paying up for those shares too. Stock up 17% on 1.5x ADV. Maybe the turnaround CEO (who get $85K/month salary) is putting lipstick on this pig and ready to auction off some or/all of the pieces. Now I know why they have that cash in the bank. . . to make payroll especially for the new CEO. Still, a lot of tangible assets to sell. I did hear that they lost the contract for one of their largest customers and there is some rumor that xemployees want to acquire some or all of the assets to start their own company. Hopefully, the CEO has the stockholders best interests (I believe he also owns a bunch of cheap common shares) and will do a deal that generates cash and/or shares in new larger operator. There was some discussion on the chat boards that an acquirer was sniffing at the assets and may be interested in an all stock offer deal. So, it appears that there is value in their assets which I figure to be worth north of $4.00/share. EKS

To: Paul Senior who wrote (52154)	9/11/2013 3:19:00 PM
From: E_K_S	Read Replies (1) \| Respond to of 78753

Industrial Services of America, Inc. (IDSA) - Upped my position by 50% w/ today's buy @ $2.08/share Lots of insider buys during September too thinking that the turnaround for this company is on track. Also in April there was a big private equity buy @ $4.00/share ($500K) by Jonathan Blue of Blue Equity Group. Back to the future: Roots in scrap metal, Blue Equity takes over management of recycler Industrial Services of America Blue Equity’s Chairman and Managing Director, Jonathan Blue, has extensive experience in the scrap recycling business. He and his family owned and operated Louisville Scrap Material Company, which became a worldwide leader in the industry. Blue represented the fourth generation of his family to operate, grow and transform the business. He expanded the business into international railroad and other markets to become one of the largest suppliers to railroads and rail-related enterprises. In 1998 the company was sold to the largest worldwide operator in the sector, Progress Rail Services Corporation that is now owned by Caterpillar (CAT-NYSE). Likewise, many other Blue Equity executives have worked in the scrap and recycling related businesses. The private equity firm may be working on some type of asset sale and/or consolidation to get these assets earning again. Position still small, only a 0.4% portfolio position but may step up w/ more shares if/when of a possible sale is hinted by the new management. TBV = $3.71/share BV= $4.24/share EKS