NOOF Liquidation

January 28, 2011

I’ll be busy the next couple of weeks putting together a grant application to the NIH, so there will be a slowdown in my research into actionable ideas. I have decided to use the time to liquidate some of my existing holdings into the rising market, and to learn from any mistakes if any. Liquidations […]

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SMOD valuation : Profit from international growth in chip demand

January 19, 2011

Smart Modular Technologies (SMOD) is a manufacturer of customized DRAM/NAND memory modules and solid state drives for OEMs such as HP, Dell, and Cisco. SMOD’s flash modules and drives are used in many IT devices, including routers, switches, servers, storage systems, printers, gaming devices, desktops and notebooks. Their core expertise is in the design and […]

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MPG-PA : Hat tip to a fellow blogger

January 13, 2011

I have recently purchased some shares of MPG-PA, largely based on a recommendation from a fellow blogger at Skeptic LLC. MPG-PA is the preferred stock of MPG Office Trust (common stock symbol MPG), a real estate investment trust specializing in office properties in California. Like many other REITs, it has been badly hit by the […]

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ASCMA liquidation

January 10, 2011

I have recently liquidated my ASCMA holdings, now that the stock has risen very close to my target price. I had held the stock for around 7 months, and liquidated at a 45% gain over my purchase price, so this position has worked out quite well for me. This move is in no way a […]

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AHCI valuation : UK staffing company on the cheap

January 7, 2011

Allied Healthcare International (AHCI) is a British health care staffing company based in the US. Its core business is providing homecare aides to the disabled and elderly, typically for several hours each day. AHCI also has a small side business providing nurses and nursing aides to hospitals and nursing homes. AHCI is one of the […]

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Portfolio adjustment and year end summary

January 3, 2011

This is a brief update of my recent portfolio changes as we enter a new year. I have recently liquidated two large positions, GTLS and LABL, at gains of 85% and 55% respectively over a period of about 6 months. GTLS is a maker of natural gas processing equipment which I have written up before. […]

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HRB valuation : Blue chip on sale

December 29, 2010

I do not normally analyze large capitalization stocks. I assume that a well-followed stock with a large number of analysts will be trading close to its intrinsic value, and my typical stock screens exclude large cap stocks. However, as part of the background industry research I do with mid-to-small cap stocks, I occasionally come upon […]

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ETM valuation : Undervalued Radio Company

December 23, 2010

Entercom (ETM) is a significantly undervalued radio company operating 110 radio stations in 23 markets in the US. It is the fifth largest radio company, behind Clear Channel Communications (894 stations), Cumulus Media (314 stations), Citadel Broadcasting (224 stations), and CBS Radio (130 stations). Despite a low PE ratio, ETM has attracted a moderately high […]

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How to avoid behaving badly as an investor

December 16, 2010

In my last post, I described how, in my initial foray into the stock market, I was tripped up by my emotions. An emotional response to the market is one of the worst things a value investor can do. Over the years, I have come up with a few cognitive tricks which help me combat […]

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MFW valuation : Uncertainty in interest rate and revenue

December 13, 2010

M&F Worldwide (MFW) is a holding company with 4 unrelated businesses. Its Harland Clarke segment is the largest check producer in the United States, and accounts for 70% of the company’s profit. The Harland Financial business sells internet banking and data analytics software to banks, and accounts for 15% of the company’s profit. The Scantron […]

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