The Deep value Week is created in the spirit of Shelby Cullom Davis who wrote a market letter (on insurance) that “no one read”, and when questioned on the why of still writing it, answered that they wrote it for themselves, as a form of self-reflection on their activities – helping them refine their thoughts, test their theories and maintain discipline.
Paul Isaac does own shares but his position,has remained stable for a number of years. He owns a small position in both the A and B shares.
I find the Brandes holding of Hurco interesting. In fact I don’t hear his name come up that often as it has in the past. He wrote a book on value investing years ago and used to do a lot of interviews back in the day. Personally, I would think Amada, a Japanese company may be more compelling than Hurco. But then again, I am not up to speed on Hurco.
Also on Chicago Rivet and Emerson these have been on Net/Net screens for decades. At one time Emerson at least paid a nice dividend. If they are burning cash now, I would take a pass. Chicago Rivet is probably having a hard time finding young people to employ. Also by looking at their Site, their rivet machines look antiquated, but maybe a manufacturing boom helps them as well as Hurco and Amada.
Interesting re Isaac - thanks. Yeah it is tiny, likely some legacy position that just has stayed. But always fun to find a "big name" in one of the DV stocks. Like in Deswell Industries, which Burry used to own in the early 2000s.
Ah, was not aware that Brandes had written a book - just ordered from Amazon; thanks! Will have a look at Amada.
Didn't know that CRV had been a net-net forever, had I missed for some reason. MSN I know as one perennial (no position right now) and I have always been a bit sceptic. I guess you have read the long post on the company by Geoff Gannon? If not that one is quite interesting, and as usual from Gannon, very well written.
Paul Isaac does own shares but his position,has remained stable for a number of years. He owns a small position in both the A and B shares.
I find the Brandes holding of Hurco interesting. In fact I don’t hear his name come up that often as it has in the past. He wrote a book on value investing years ago and used to do a lot of interviews back in the day. Personally, I would think Amada, a Japanese company may be more compelling than Hurco. But then again, I am not up to speed on Hurco.
Also on Chicago Rivet and Emerson these have been on Net/Net screens for decades. At one time Emerson at least paid a nice dividend. If they are burning cash now, I would take a pass. Chicago Rivet is probably having a hard time finding young people to employ. Also by looking at their Site, their rivet machines look antiquated, but maybe a manufacturing boom helps them as well as Hurco and Amada.
Great job as usual Buggy Whip.
Interesting re Isaac - thanks. Yeah it is tiny, likely some legacy position that just has stayed. But always fun to find a "big name" in one of the DV stocks. Like in Deswell Industries, which Burry used to own in the early 2000s.
Ah, was not aware that Brandes had written a book - just ordered from Amazon; thanks! Will have a look at Amada.
Didn't know that CRV had been a net-net forever, had I missed for some reason. MSN I know as one perennial (no position right now) and I have always been a bit sceptic. I guess you have read the long post on the company by Geoff Gannon? If not that one is quite interesting, and as usual from Gannon, very well written.
Thanks! I very much appreciate your comments!