Arquitos Capital Partners; A Deep-Value Fund Reminiscent Of Buffett's Partnerships [Part Two]

Continued from part one……One of Arquitos Capital Partners’ core holdings is ALJ Regional Holdings. Rebuilding the business ALJ Regional Holdings has changed significantly over the past two years. During 2012, the group completed the sale of KES Acquisition Company, ALJ’s former majority-owned operating subsidiary that owned and operated a steel mini-mill in Ashland, Kentucky, for $114.4 million in cash. The company then used a portion of this cash, $25,200,000,  to repurchase 30,000,000 shares of its outstanding common stock, and the rest was earmarked for the acquisition of a new subsidiary. Two acquisitions have since been made, Faneuil, a provider of…