Continued from part two. 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. [klarman] 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 working over three million square feet of space, generating over $500 million of…
The Value Hunter Seth Klarman Searches For Bargains — Barron’s 1991 Interview – Spinoffs
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk