Monthly Archives: November 2011

Explaining Ourselves: Jefferies

So, we have very recently been a buyer of Jefferies (JEF: NYSE) stock, which anyone following the financial headlines would know has been pummeled in recent months. It was during this evisceration that we took our initial position…and then bought more to establish an average cost of $12 per share for our small cap and all cap strategies. Let us first agree on what Jefferies is and isn’t, a distinction that will in some ways be the main support for […]

CSC Strategy Letter | Number 3 | Occupy Yahoo

Click HERE to download Cove Street Capital’s November Strategy Letter, Number 3, “Occupy Yahoo.”

Earnings Per Share Myopia

By Ben Claremon Welcome to earnings season and the barrage of company press releases and conference calls. Securities analysts all over the country currently have their noses buried in 8-K’s and 10-Q’s, hoping to get a sense of company-specific and industry trends.  After personally reading through the transcripts of and listening to a number of conference calls, one common theme became very clear. First and foremost, analysts want to know if companies are seeing a slowdown in demand for their […]