Comments on: Portfolio Update January 2010 http://www.oldschoolvalue.com/portfolio/portfolio-update-january-2010/?source=rss DCF Stock Valuation Spreadsheet and Intrinsic Value Calculator Thu, 29 Jul 2010 21:50:57 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Jae Jun http://www.oldschoolvalue.com/portfolio/portfolio-update-january-2010/comment-page-1/#comment-4400 Jae Jun Thu, 04 Feb 2010 22:05:14 +0000 http://www.oldschoolvalue.com/?p=3318#comment-4400 <strong>@ Susan,</strong> The thing about yahoo boards is that there is a great deal of emotion, noise and spam involved without any evidence or data to back up the points. The people on the board say that the CEO is set in his ways and doesn't know how to run the company. The performance of the company for the past 10 years directly contrast this statement. Nobody was saying this when BOLT was flying in 2007. Same CEO, same management, same products, same industry. The only difference is oil prices and peoples perception. I would also think that a CEO of a company for 20 years will know the industry like the back of his hand and experience is also key. Another point is that the yahoo board is purely focused on EPS and guidance which I find to be rubbish. e.g. KTII never offered any guidance or even a single conference call, yet their FCF and operations spoke a thousand words. BOLT is the same. @ Susan,
The thing about yahoo boards is that there is a great deal of emotion, noise and spam involved without any evidence or data to back up the points.

The people on the board say that the CEO is set in his ways and doesn’t know how to run the company. The performance of the company for the past 10 years directly contrast this statement. Nobody was saying this when BOLT was flying in 2007. Same CEO, same management, same products, same industry. The only difference is oil prices and peoples perception.

I would also think that a CEO of a company for 20 years will know the industry like the back of his hand and experience is also key.

Another point is that the yahoo board is purely focused on EPS and guidance which I find to be rubbish. e.g. KTII never offered any guidance or even a single conference call, yet their FCF and operations spoke a thousand words. BOLT is the same.

]]> By: Shuqin Zheng http://www.oldschoolvalue.com/portfolio/portfolio-update-january-2010/comment-page-1/#comment-4398 Shuqin Zheng Thu, 04 Feb 2010 21:26:36 +0000 http://www.oldschoolvalue.com/?p=3318#comment-4398 Hi Jae, about BOLT, what is your opinion on the risk of technological change relating to their products and the risk of its inability to develop new competitive products in a timely manner. In the last 10 years (2000-2009), the average R&D expense is 1.4% of gross profit. The yearly expense in R & D is very stable ($0.3 mil yearly), and lower than competitors. This was discussed extensively on the Yahoo message board http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_B/threadview?m=tm&bn=77337&tid=3448&mid=3448&tof=2&frt=2. Hi Jae, about BOLT, what is your opinion on the risk of technological change relating to their products and the risk of its inability to develop new competitive products in a timely manner. In the last 10 years (2000-2009), the average R&D expense is 1.4% of gross profit. The yearly expense in R & D is very stable ($0.3 mil yearly), and lower than competitors. This was discussed extensively on the Yahoo message board http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_B/threadview?m=tm&bn=77337&tid=3448&mid=3448&tof=2&frt=2.

]]> By: Ryan B http://www.oldschoolvalue.com/portfolio/portfolio-update-january-2010/comment-page-1/#comment-4388 Ryan B Thu, 04 Feb 2010 04:02:23 +0000 http://www.oldschoolvalue.com/?p=3318#comment-4388 Sorry, LTON Sorry, LTON

]]> By: Jae Jun http://www.oldschoolvalue.com/portfolio/portfolio-update-january-2010/comment-page-1/#comment-4382 Jae Jun Wed, 03 Feb 2010 20:21:53 +0000 http://www.oldschoolvalue.com/?p=3318#comment-4382 <strong>@ Ryan,</strong> Which one are you referring to? LTON? @ Ryan,

Which one are you referring to? LTON?

]]> By: ryan b http://www.oldschoolvalue.com/portfolio/portfolio-update-january-2010/comment-page-1/#comment-4379 ryan b Wed, 03 Feb 2010 18:55:24 +0000 http://www.oldschoolvalue.com/?p=3318#comment-4379 I just completed a very quck scan and I am wondering if the cash burn rate concerns you. I am assuming you a looking for around a 20-30% discount rate of NNAV upon taking an entry position, but what is your target in terms of the sell price? I just completed a very quck scan and I am wondering if the cash burn rate concerns you. I am assuming you a looking for around a 20-30% discount rate of NNAV upon taking an entry position, but what is your target in terms of the sell price?

]]>