Capelli SA is a French company that is active in the real estate sector, primarily in France. At the current price of €1.53 the market capitalization of the company is €20.3 million. Book value on March 31, 2013 was €32.8 million. The company is also a net-net: taking current assets of €100.6m and subtracting all […]
Why I sold Stephan Company
Nate has written a good post about Stephan Company (SPCO) on his website. People who follow my Twitter account will know that I also owned some SPCO shares, but that I recently sold my shares after I read the latest annual report and the quarterly report for March 31, 2013. Revenue continues to fall and […]
Is this Greek elevator company ready for lift off?
In my previous post about Greek net-net AS Company I mentioned I like another Greek stock. The name of the second company is Kleemann Hellas SA (company website). Kleemann produces elevator systems. Products include: hydraulic elevating mechanisms (piston, power unit, car frame), electromechanical elevating mechanisms (machine, car frame, counterweights), cabins, electronic controllers, electronic systems and […]
A microcap net-net in Greece
A few weeks ago I read this article about Fairfax Financial’s investments in Greece. In that article Prem Watsa had some interesting comments on the Greek economy: “In terms of the economy, the last four or five years have been very tough for Greece,” Fairfax Chairman and Chief Executive Officer Prem Watsa said in a […]
JPS Industries
JPS Industries (website) trades on the pink sheets. I was reviewing some “dark” pink sheet companies I shortlisted about two years ago and noticed some interesting developments at this company. The company manufactures extruded urethanes, ethylene vinyl acetates and mechanically formed glass and aramid substrate materials. JPS Industries has two operating subsidiaries: JPS Composite Materials […]