tag:blogger.com,1999:blog-2149523431587168680.post5225041462585480294..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Homasote: is it cheap or bankrupt?Nate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2149523431587168680.post-6694416856912907822013-09-15T15:50:08.594-04:002013-09-15T15:50:08.594-04:00Hey Nate:
I've investigated Greece a bit myse...Hey Nate:<br /><br />I've investigated Greece a bit myself, and have not been able to find a whole lot. HOWEVER, I did find ONE thing worth investing in..."Greek Organization of Football Prognostics (OPAP)". It trades in the USA as GOFPY. I've owned it for a while, and have done nicely. I've got a capital gain and some dividends.<br /><br />If Greece ever comes back, I think this stock will do well.<br /><br />I also think it one of the VERY best companies to own in Greece. They've solidly made money throughout the downturn, they have also managed to pay a decent dividend also.<br /><br />DTEJD1997Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-6549094088781352842013-09-15T00:11:15.120-04:002013-09-15T00:11:15.120-04:00Varadha,
Good points.
The process I go through i...Varadha,<br /><br />Good points.<br /><br />The process I go through isn't much of a process at all. I simply read the financials and try to make sense of them. All three statements should act in concert, so if there is a value in one statement that isn't supported by the others that's a pointer to look into it deeper. First make sure everything matches, then second question the reasonable-ness of the statements. You'll end up weeding out a lot of companies if you do this.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-7693925911711029662013-09-15T00:09:43.905-04:002013-09-15T00:09:43.905-04:00There is a lot of value in investing in depressed ...There is a lot of value in investing in depressed places, the key is to make sure a reasonable margin of safety exists.<br /><br />I've looked some at Greece, maybe a half dozen names or so. The common denominator is that all of the companies are heavily in debt. Debt is something to be avoided, especially in distressed names.<br /><br />I haven't looked at Spain as much, I should put it on my list. Any good names that come to mind?Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-50139233413700875532013-09-14T23:45:58.293-04:002013-09-14T23:45:58.293-04:00Speaking of cheap companies..
What do you think a...Speaking of cheap companies..<br /><br />What do you think about investing in countries like Japan, Greece, and Spain. These countries are having difficult timesWould you recommend investing in countries such as Greece, Spain etc? The thesis being is that all the problems are reflected onto the market price and you can pick some super cheap companies.<br /><br />You have ventured into Japan, would you recommend the value investor to go hunt some Japanese companies? Greek? Spanish?<br /><br />I'd love to hear your insight on this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-60241067246654406742013-09-14T12:03:18.866-04:002013-09-14T12:03:18.866-04:00Excellent analysis Tobe !
1. If a company cannot ...Excellent analysis Tobe !<br /><br />1. If a company cannot ride a rising tide, I would be suspicious of its ability to ride a low to ebbing tide if there is no significant change in strategy, vision, management etc.<br /><br />2. I've realized that - unless there is a genuine change in the vision and execution, companies that are used to slack are used to slack. It is human nature to resist change - when was the last time a person driving a car switched to public transport completely on his own volition barring a few ?<br /><br />As an aside, it would be good if you do a post on the "process" itself - how you find out the operating lease to long term debt etc. It will help us understand how to dig for information. That framework, often may be much much more invaluable than the end result itself !Varadhahttps://www.blogger.com/profile/02546300910849990655noreply@blogger.com