Asta Funding – Trading Near Cash Per Share

Asta Funding, (NASDAQ:ASTA), is in the business of acquiring, servicing, and collecting distressed consumer receivables – primarily credit card receivables. I wrote a few articles about Asta in Dec 2009 – Jan 2010 on my previous blog here, here, and here. Since that time, it has traded as low as $6.00 and as high as [...]

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Follow Up on L&L Energy Post

Yesterday evening I posted an article titled “Accounting Irregularities at L&L Energy.” In it I discussed my concerns regarding certain SEC filings of L&L Energy (LLEN). I had originally intended to post several follow up articles focusing on other aspects of the company, but in light of today’s events I no longer plan to continue [...]

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Accounting Irregularities at L&L Energy

Author has posted a follow up to this post here. L&L Energy, Inc, (NASDAQ: LLEN) is in the business of coal mining, washing, coking, and wholesaling. Although its operations are conducted in China, the company is headquartered in Seattle, WA. As of 5/20/11, the company had a market cap of $200 MM. The stock has [...]

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St Joe – The Absurdity of the Leucadia Airport Comp

One of the most interesting investment stories to come out in the past year is the debate over The St. Joe Company. On the long side, and 30% stockholder, we have Bruce Berkowitz and his mutual fund, Fairholme Funds, Inc. In 2010, Morningstar named Mr. Berkowitz their Domestic-Stock Fund Manager of the Decade. And it’s [...]

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These NNWC Stocks Outperformed the S&P 500 by 20.8%, Annualized since 7/17/09

This is reposted from my original blog over at http://valueinvestorblog.wordpress.com/. I am in the process of migrating over to Totally Invested! Just a quick update… On July 17, 2009, I ran a Yahoo Finance stock screen for stocks trading at a low P/B and relatively high cash per share. I then looked at the individual [...]

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