Charles Zentay - Seeking Alpha 'Charles Zentay' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/charles-zentay WSFS Financial: The Perfect Short http://seekingalpha.com/article/60400-wsfs-financial-the-perfect-short?source=feed 60400 In today's market, if you could dream up the perfect short, would its assets be as follow?:

  • $697 million in commercial real estate loans

]]> Wed, 16 Jan 2008 11:36:19 -0500 Charles Zentay Charles Zentay submits:

In today's market, if you could dream up the perfect short, would its assets be as follow?:

  • $697 million in commercial real estate loans


Complete Story »]]> WSFS Charles Zentay Helen of Troy: A Stock to Launch a Thousand Buyers? http://seekingalpha.com/article/59838-helen-of-troy-a-stock-to-launch-a-thousand-buyers?source=feed 59838 The great thing about down markets is that people get scared. When they are scared, they tend to sell anything, no matter what the story is. For patient buyers, others' fears can lead to wealth.

]]> Fri, 11 Jan 2008 05:46:10 -0500 Charles Zentay Charles Zentay submits:

The great thing about down markets is that people get scared. When they are scared, they tend to sell anything, no matter what the story is. For patient buyers, others' fears can lead to wealth.


Complete Story »]]> HELE Charles Zentay PetroFalcon Corporation: There's Still Value in Oil http://seekingalpha.com/article/51973-petrofalcon-corporation-there-s-still-value-in-oil?source=feed 51973

China, India and other countries continue to consume more oil, and the dollar continues to fall, which has driven crude prices above $90 a barrel. Investor interest in oil remains strong. Oil is a good hedge against possible inflation and a way of playing emerging market growth. However, most oil companies now trade at several times book value, and oil prices could fall back to earth if the U.S. enters a recession.

]]> Tue, 30 Oct 2007 07:44:38 -0400 Charles Zentay Charles Zentay submits:

China, India and other countries continue to consume more oil, and the dollar continues to fall, which has driven crude prices above $90 a barrel. Investor interest in oil remains strong. Oil is a good hedge against possible inflation and a way of playing emerging market growth. However, most oil companies now trade at several times book value, and oil prices could fall back to earth if the U.S. enters a recession.


Complete Story »]]> PFCXF.PK Charles Zentay Unico American Corporation: True Value, Again and Again http://seekingalpha.com/article/49078-unico-american-corporation-true-value-again-and-again?source=feed 49078 Shhh. Here's a little secret.

There is a stock I've owned for 5 years. It's gone from $4 a share to over $11. And you know what? It's STILL trading under its book value of $11.80.

]]> Mon, 08 Oct 2007 04:17:00 -0400 Charles Zentay Charles Zentay submits:

Shhh. Here's a little secret.

There is a stock I've owned for 5 years. It's gone from $4 a share to over $11. And you know what? It's STILL trading under its book value of $11.80.


Complete Story »]]> UNAM Charles Zentay Aldia, Inc. Driving Value: Changed Course, Above Par Performance http://seekingalpha.com/article/38880-aldia-inc-driving-value-changed-course-above-par-performance?source=feed 38880 It trades just above 1 times sales, 8 times earnings, and yields just under 4%. In addition, this company has increased sales from under $38 million in 2003 to over $72 million in 2006.

Sound too good to be true? It’s not.

The company is Aldia, Inc. (ALDA), manufacturer of golf club shafts.

]]> Wed, 20 Jun 2007 05:56:08 -0400 Charles Zentay Charles Zentay submits:Imagine a company with an $85-million-dollar market cap, with $18 million in unrestricted cash, $44 million in total working capital, $51 million in total stockholder equity and which generates about $11 million in earnings a year. It trades just above 1 times sales, 8 times earnings, and yields just under 4%. In addition, this company has increased sales from under $38 million in 2003 to over $72 million in 2006.

Sound too good to be true? It’s not.

The company is Aldia, Inc. (ALDA), manufacturer of golf club shafts.


Complete Story »]]> ALDA Charles Zentay GM's Balance Sheet: A Sign of Impending Doom http://seekingalpha.com/article/36931-gm-s-balance-sheet-a-sign-of-impending-doom?source=feed 36931

As of March 31st, they had cash of around $21 billion. They had receivables of around $10 billion. But they had accounts payable of $30 billion and accrued expenses of $34.5 billion. Ouch.

They have some other current assets (inventories, equipment on lease) but when you add up all the current assets it's still over $5 billion less than the current liabilities.

]]> Thu, 31 May 2007 04:43:47 -0400 Charles Zentay Charles Zentay submits:O.K class, let's discuss why General Motors (GM) is going bankrupt. Has anyone looked at their balance sheet lately? Let's review.

As of March 31st, they had cash of around $21 billion. They had receivables of around $10 billion. But they had accounts payable of $30 billion and accrued expenses of $34.5 billion. Ouch.

They have some other current assets (inventories, equipment on lease) but when you add up all the current assets it's still over $5 billion less than the current liabilities.


Complete Story »]]> GM Charles Zentay