The Value Hunter Seth Klarman Searches For Bargains — Barron’s 1991 Interview – SpinoffsRupert Hargreaves
Moving away from distressed debt, Seth Klarman started to discuss a traditional Graham and Dodd value play that he was currently interested in.
The company in question was called Esco Electronics, a spinoff from Emerson Electric.
Seth Klarman: True value
Esco Electronics was a traditional value play that was trading at such a deep discount to book, it was difficult to pass up the opportunity. Indeed, at the time Esco was trading at only 8% of book value, had over 6,000 employees . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.