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MarginOfSaftety

MarginOfSaftety
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  • Vietnam Attracting Investment Attention [View instapost]
    John,

    I know you like the Vietnam Opportunity Fund for its discount to NAV. This being said, the track record of NAV building 2006-2012 is very modest as listed in http://bit.ly/SqDos5

    Would like to hear your comments on their NAV (lack of) growth. Thanks
    Jan 12 09:34 AM | 1 Like Like |Link to Comment
  • Great Eagle Holdings: Under The Radar And Undervalued Hotel Operator [View article]
    Mike, have they historically been buying some shares back? Now would seem a perfectly opportune time, don't you think? Thx
    Sep 9 07:41 AM | Likes Like |Link to Comment
  • Shun Tak: A Hong Kong Holding Company Trading At Significant Discount To NAV [View article]
    Great article, thx. Will you als opublish your August portfolio like you did for July?
    Sep 8 08:34 AM | Likes Like |Link to Comment
  • Mongolia Growth Group July Shareholder Letter [View instapost]
    Thanks John!
    Sep 3 02:51 AM | Likes Like |Link to Comment
  • Mongolia Growth Group July Shareholder Letter [View instapost]
    Hi John,

    Always enjoy your comments. I like the Mongolian LT story and the MGG way to play it so have two concerns and would like to get your feedbak.

    1) MGG has 98 employees or 4 times what Buffett has at BRK's headquarters. Not an apples to apples comparison but this seems like A LOT of folks

    2) Book value per share is about 1,32 for the first half. About 2/3 or this is property. Assuming property is worth twice its book (and ignoring fees, taxes to sell), net asset value is about 2.2. So even at current prices, one is still paying quite a bit above net asset value, right?
    Aug 31 01:31 PM | Likes Like |Link to Comment
  • Pan Orient Serves Up A Mixed Bag [View article]
    So how many exploration targets are still outstanding that have at least 5 mmbbls of potential?

    Thanks!
    Apr 4 09:11 AM | Likes Like |Link to Comment
  • Vietnam Attracting Investment Attention [View instapost]
    Thanks for your detailed answer John.
    Jan 13 06:37 PM | Likes Like |Link to Comment
  • 2012 Review And What I Am Doing In 2013 [View instapost]
    Hi John,

    I am one of your former subscribers. Appreciate the info you keep posting on seeking alpha. Best wishes for 2013!
    Jan 12 10:17 AM | Likes Like |Link to Comment
  • Mongolia Growth Group August Shareholder Letter [View instapost]
    The book has mostly increased over time due to higher and higher placements. The stock still sells at 2x book.
    Oct 15 03:43 PM | Likes Like |Link to Comment
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