kaka

Zinc Producer Horsehead Appears Very Undervalued

Peter W.
As an supposed analyst at a supposed hedge fund, you should supposedly receive compensation for your work, unlike the author.

As a human being, you choose to express your cynicism via negative commenting and self-aggrandizement rather than just taking these blogs with a grain of salt, as most people would do.

There's probably a fair share of people on this site that are involved in valuation, M&A, VC, etc - very few of those people feel the need to express what they do on a normal basis in order to justify their comments. Even fewer feel the need to criticize other people's analysis.

If you want to know anything more than what a person has written, ask once, and then do the research yourself if they don't provide you with an adequate answer.


On Mar 18 02:43 PM Peter W wrote:

> I applaud the young man's effort but simply stating the equity is
> undervalued and citing a few simple calculations from the balance
> sheet is NOT evidence of an undervalued company. There's a lot of
> sloppy analysis done in the investing world and this is more evidence
> of it. If the author wants to be taken seriously, he will explain
> whether he used an intrinsic or relative valuation technique and
> then detail what he feels to be the most important assumptions in
> his valuation. As an analyst at a hedge fund, if this was my pitch
> to the PM I'd get fired.