wachtwoord Posted March 15, 2016 Share Posted March 15, 2016 Did you click on the word "Investors" because that will bring to their IR site with all usual the financial information/links? http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-irhome Lol, the menu name is is clickable as well. Great UI ;). Thanks! Link to comment Share on other sites More sharing options...
bbarberayr Posted March 15, 2016 Share Posted March 15, 2016 Cheapest stock I've found is SORL auto parts - symbol - SORL Consistently profitable, growing business. $34 million market cap -$32 million EV as cash- debt is $66 million more than market cap p/e of 3.0, fwd p/e = 2.5 Bad thing is no dividend and, while management says they are concerned about the stock price, they don't really do anything. Had a lowball offer to see a few months ago, but that came off the table. Would suspect some rich Chinese investors will buy on the cheap in US and relist in China for good profits, but who knows if/when. Link to comment Share on other sites More sharing options...
wachtwoord Posted March 15, 2016 Share Posted March 15, 2016 Cheapest stock I've found is SORL auto parts - symbol - SORL Consistently profitable, growing business. $34 million market cap -$32 million EV as cash- debt is $66 million more than market cap p/e of 3.0, fwd p/e = 2.5 Bad thing is no dividend and, while management says they are concerned about the stock price, they don't really do anything. Had a lowball offer to see a few months ago, but that came off the table. Would suspect some rich Chinese investors will buy on the cheap in US and relist in China for good profits, but who knows if/when. It's Chinese though so how reliable are the numbers? Link to comment Share on other sites More sharing options...
bbarberayr Posted March 16, 2016 Share Posted March 16, 2016 That is of course one of the reasons it is so cheap! I'm pretty sure they are legit, or at least the business is real (unlike Sino Forest) - a few years ago, one of the major brokerage firms went for a site visit and came back with a positive report. Plus, they do their US reporting and hold conference calls, so don't look to be hiding anything. But, there are China risks, so would keep it a small position, but it is so cheap, something good is bound to happen if you are patient. Link to comment Share on other sites More sharing options...
LowIQinvestor Posted March 24, 2016 Author Share Posted March 24, 2016 SXCL shareholder letter is out: http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-secText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEwODMzNTkzJkRTRVE9MiZTRVE9JlNRREVTQz1TRUNUSU9OX0VYSElCSVQmZXhwPSZzdWJzaWQ9NTc%3d "At December 31, 2015, the Company had cash and marketable securities totaling $127.9 million, and an NOL of $139.1 million." Does anyone know if Fairfax still owns some of SXCL? Or was it Steel Partners? Link to comment Share on other sites More sharing options...
LowIQinvestor Posted December 8, 2016 Author Share Posted December 8, 2016 SXCL being acquired for 55% premium, $17.80/share Steel Partners currently owns approximately 64% of Steel Excel’s outstanding shares. Under the agreement, Steel Partners, through a wholly owned subsidiary, will commence an exchange offer to acquire all of the outstanding shares of Steel Excel’s common stock (not owned by Steel Partners or any of its affiliated entities) for $17.80 per share Steel Partners Signs Definitive Agreement To Acquire Remaining Shares of Steel Excel http://finance.yahoo.com/news/steel-partners-signs-definitive-agreement-211500223.html Link to comment Share on other sites More sharing options...
philippoc93 Posted December 8, 2016 Share Posted December 8, 2016 It hasn't moved? :o Link to comment Share on other sites More sharing options...
gg Posted December 8, 2016 Share Posted December 8, 2016 It hasn't moved? :o ....for $17.80 per share in preferred units of Steel Partners Link to comment Share on other sites More sharing options...
philippoc93 Posted December 8, 2016 Share Posted December 8, 2016 It hasn't moved? :o ....for $17.80 per share in preferred units of Steel Partners aha - thank you sir Link to comment Share on other sites More sharing options...
LowIQinvestor Posted December 8, 2016 Author Share Posted December 8, 2016 Yes, the preferred units carry a 6% coupon Link to comment Share on other sites More sharing options...
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