Comments on: More Cheap Graham Stock Ideas

By: Portfolio Update December 2009 | Old School Value

Portfolio Update December 2009 | Old School Value — Tue, 05 Jan 2010 21:09:12 +0000

[...] about when I first came across it. Heard about it from Manual of Ideas and then had a couple of people asked me directly but it finally took a forum member’s write up on GRVY for me to view it more carefully. [...]

By: iGo’s Q1 Proves Management Is Trying to Increase Shareholder Value | Genuine Forex Trading

Tue, 05 May 2009 05:03:23 +0000

[...] On April 29, iGo Inc (IGOI) announced earnings that were better than I expected considering they had previously lost their biggest customer, Targus. However, earnings wasn’t the number I was focusing on. It’s the assets I care about the most, because this is a deep value stock investment. [...]

By: iGo Inc (IGOI) Q1 Business Valuation Update | Old School Value

iGo Inc (IGOI) Q1 Business Valuation Update | Old School Value — Fri, 01 May 2009 06:44:18 +0000

[...] Jae Jun:I didn’t take further action, it’s only been idling on my watchlist. After their [...]

By: Jae Jun

Jae Jun — Thu, 30 Apr 2009 17:20:53 +0000

I didn’t take further action, it’s only been idling on my watchlist. After their earnings and seeing how much money they lost, I wasn’t sure whether it was going to lose more or at least break even with operations. Either way, I wasn’t quite sure of the fundamentals.

I told a friend it’s cheap on paper and he made the decision to buy right after the drop to $0.85 which probably factored in most of the losses already.

I’m just not as agile… lol

By: MKL

MKL — Thu, 30 Apr 2009 16:50:52 +0000

Jae, are you still looking at AEHR? Did you dismiss it? I don’t remember seeing a valuation on it from you, but I didn’t know if you dismissed it before you got that far.

By: Dividend Tree Potpourri – April 19, 2009 | Dividend Tree

Dividend Tree Potpourri – April 19, 2009 | Dividend Tree — Sun, 19 Apr 2009 19:04:31 +0000

[...] More Graham’s stock ideas [...]

By: Jae Jun

Jae Jun — Thu, 16 Apr 2009 16:41:39 +0000

@ Caleb
Sorry for the late response but I’ll try to take a look at it. Just haven’t found much time… sleeping 4-5 hours these days lol

By: Caleb

Caleb — Wed, 15 Apr 2009 15:23:03 +0000

Gravity(GRVY.(ADR)) is a game developer in Asia. The stock is trading for less than its net current assets by my calculation(after you convert the Korean won into dollars). They have not filed consolidated reports for the year ending 2008 but they have filed a 6-k for year ending 2008 and 2007. Now, keep in mind, the auditors(Samil PricewaterhouseCoopers) are auditing the statements according to laws of Korea, but a balance sheet is a balance sheet, and in my opinion you can still put value on their assets and from what I read, their business as a going concern is not dead, just had a few hiccups along the way. Oh, and two activist hedge funds own positions in the company and have won concessions against the company in Korean courts.

By: Caleb

Caleb — Wed, 15 Apr 2009 14:14:06 +0000

What timing, later on in the day they announced they are distributing the Hong Kong business to the shareholders. Each ADS holder will receive 1 share of the new company. The new ADS’s of the Hong Kong Company will not be listed on any exchange, they will be traded on the OTC.The Hong Kong business is more mature and produces more cash. The company that is left after the spinoff is still breaking into Israel, Vietnam, Indonesia, Sri Lanka, and Thailand. They are focusing on building their business in emerging markets.

By: Jae Jun

Jae Jun — Tue, 14 Apr 2009 18:41:24 +0000

Thanks for the idea. Will take a look and the spinoffs may be a good purchase as well.