Guy Gottfried is a former analyst at Bruce Berkowitz's Fairholme Funds.
From Benzinga:
From August 12, 2011 to November 19, 2012, The Brick (OTC:
BRK [FREE Stock Trend Analysis])
-- one of the largest furniture and appliance retailers in Canada --
rose more than 140 percent. The company is now being acquired by Leon's
(OTC:
LNF) for approximately $700 million.
On October 17, 2011, Rational Investment Group founder and manager
Guy Gottfried recommended The Brick while speaking at the Seventh Annual
Value Investing Congress. He provided a
detailed presentation
outlining the various reasons why investors should buy into The Brick,
starting with its potential for "substantial FCF growth in near/medium
term." Gottfried referred to it as a "high-quality business" with a
"strong balance sheet." He said the firm has "excellent capital
allocation" and is ran by an "intelligent management" team.
"It is a high-quality and extremely well-run business that trades at an undeservedly cheap price," Gottfried wrote on
ValueInvestingLetter.com.
"The Brick traded for $9-plus per share as recently as 2008 but was
undercapitalized entering the financial crisis due to years of excessive
dividends by prior management. It nearly went bankrupt before being
recapitalized in mid-2009 in a transaction led by Fairfax Financial. It
then recruited turnaround specialist Bill Gregson as CEO, and under his
leadership has staged a dramatic recovery in its operations and
financial condition."
Read more:
http://www.benzinga.com/trading-ideas/long-ideas/12/11/3107716/which-investors-benefited-from-the-bricks-95-gain#ixzz2Dj3Pdft3
From August 12, 2011 to November 19, 2012, The Brick -- one of the largest furniture and appliance retailers in Canada -- rose more than 140 percent. The company is now being acquired by Leon's $700 million.
On October 17, 2011, Rational Investment Group founder and manager Guy Gottfried recommended The Brick while speaking at the Seventh Annual Value Investing Congress. He provided a detailed presentation outlining the various reasons why investors should buy into The Brick, starting with its potential for "substantial FCF growth in near/medium term." Gottfried referred to it as a "high-quality business" with a "strong balance sheet." He said the firm has "excellent capital allocation" and is ran by an "intelligent management" team.
"It is a high-quality and extremely well-run business that trades at an undeservedly cheap price," Gottfried wrote on Value Investing. Letter.
"The Brick traded for $9-plus per share as recently as 2008 but was undercapitalized entering the financial crisis due to years of excessive dividends by prior management. It nearly went bankrupt before being recapitalized in mid-2009 in a transaction led by Fairfax Financial. It then recruited turnaround specialist Bill Gregson as CEO, and under his leadership has staged a dramatic recovery in its operations and financial condition."...MORE
Insider Monkey Has a link to the
2011 presentation.
Here are some of the names associated with Gottfried this year:
Hardwoods Distribution: A Nice Fixer-Upper
Here's his presentation from the 8th Annual Value Investing Congress, October 1, 2012:
And from Market Folly August 23, 2012:
From August 12, 2011 to November 19, 2012, The Brick (OTC:
BRK [FREE Stock Trend Analysis])
-- one of the largest furniture and appliance retailers in Canada --
rose more than 140 percent. The company is now being acquired by Leon's
(OTC:
LNF) for approximately $700 million.
On October 17, 2011, Rational Investment Group founder and manager
Guy Gottfried recommended The Brick while speaking at the Seventh Annual
Value Investing Congress. He provided a
detailed presentation
outlining the various reasons why investors should buy into The Brick,
starting with its potential for "substantial FCF growth in near/medium
term." Gottfried referred to it as a "high-quality business" with a
"strong balance sheet." He said the firm has "excellent capital
allocation" and is ran by an "intelligent management" team.
"It is a high-quality and extremely well-run business that trades at an undeservedly cheap price," Gottfried wrote on
ValueInvestingLetter.com.
"The Brick traded for $9-plus per share as recently as 2008 but was
undercapitalized entering the financial crisis due to years of excessive
dividends by prior management. It nearly went bankrupt before being
recapitalized in mid-2009 in a transaction led by Fairfax Financial. It
then recruited turnaround specialist Bill Gregson as CEO, and under his
leadership has staged a dramatic recovery in its operations and
financial condition."
Read more:
http://www.benzinga.com/trading-ideas/long-ideas/12/11/3107716/which-investors-benefited-from-the-bricks-95-gain#ixzz2Dj3Pdft3
