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Protected: Notes on HMG/Courtland
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Initial Reaction to Ackroo Earnings, thoughts on Patient Home Monitoring Surge with Price Target
Shares surged more than 25% this week. I’ve been investigating and can’t find a reason for the sudden move in the stock.
How to Read and Interpret a Balance Sheet
I like to begin by building a modified balance sheet. I make common sense adjustments to asset values and move items around like restricted cash and tax losses that may be carried as liabilities for accounting purposes.
A Quick Framework for Screening Stocks
This doesn’t work all the time, but it gets you 90% of the way towards figuring out what you have.
Kobex Capital: Undervalued After Buying Back More Than 50% of its Stock
Assuming you believe my back of the napkin math above, that leaves Kobex with 69 cents in net cash and a net asset value of 89 cents when the tax loss carry forwards are factored in.