American Apparel: A Story Of Mismanagement And Hidden Potential

Summary American Apparel trades at 0.15 x sales and top line is growing. The business is mismanaged resulting in a consistent track record of losses. The company trades at a discount of between 78% – 755% to competitors. Catalyst for change: Activist investor acquired a 13% stake. American Apparel (APP) has a market cap of […]

Schweitzer-Mauduit Diving Straight Back To The Buylist

Last year, On November 18, 2013, Schweitzer-Mauduit International Inc. (SWM) announced having signed a definitive agreement to acquire DelStar, Inc. Delstar is the world’s leading manufacturer of thermoplastic nets, nonwovens, laminates, and extruded components used in filtration, automotive, healthcare, industrial, food, electronics and textile markets according to its website. Schweitzer’s management believes this acquisition sets […]

Aker Shipyards: Turnaround Mostly Completed But Still Some Room To Run

Aker Philadelphia Shipyard ASA (AKRRF) owns and operates a shipyard in Philadelphia. The company constructs merchant vessels for operation in the U.S. Jones Act market (trade between U.S. ports). The company’s stock is thinly traded on the pink sheets, which may limit opportunities if you are an institutional investor or mutual fund manager. In addition, […]

Stifel Thesis Reviewed

Annual earnings growth of 34% per year over 10 years. Management tries to build out a competitive advantage by achieving sufficient scale. The company has a track record of successful acquisitions. When the company is able to leverage a competitive advantage in the future, the stock price can rise exponentially. The story behind Stifel (SF) […]

Helen of Troy Kicked Out It’s CEO And Saved $30 Million or $1 Per Share Annually

Helen of Troy Limited (HELE) designs, develops, imports, markets, and distributes brand-name household, personal care, and healthcare/home environment consumer products in the United States, Canada, Europe, Latin America, and internationally. It’s a small cap company with a market cap of only 2.18 Billion and $ 1.33 Billion in sales. At first sight the company is […]

Dice Holdings: Continuing Underperformance Creates Buying Opportunity

Summary Many companies in the recruiting and payrolling business have seen their stock surge upward over the past few years, while Dice stock price has gone down. On a traditional metric like P/E Dice appears to be unattractive but when we examine cash flow or perform a DCF calculation the stock is shown to be […]