Cove Street Capital — Cove Street Capital

After 44 Years, We Are Moving from Buy to Sell

Cove Street Capital July 21, 2026

All About CSC

Linda Evangelista and the Definition of Smallcap Investing

It is no secret that a cadre of mega cap tech stocks have had a spectacular run so far in 2023. And while the “Magnificent

Cove Street Capital August 29, 2023

Podcasts & Recordings

Yet Another Value Podcast: Jeff Bronchick and Andrew Leaf talk $ECVT Ecovyst+ $VSAT Update

Cove Street Capital July 19, 2023

The Business of Investment Management

CoveyChat

Our beloved Logo springs to life like an Ivy League Pinocchio. The following is an in-depth interview conducted during lunch hours at CSC Global Headquarters.

Cove Street Capital February 10, 2023

Specific Stock Ideas

Off-Spreadsheet Adventures in Six Flags (NYSE: SIX)

By Andrew Leaf and Austin Farris As Covid forced us to figure out how to do our jobs with an Acer monitor and kitchen table

Cove Street Capital February 1, 2023

Specific Stock Ideas

Leverage Correlation Makes Buying Opportunity

What do a salt miner, a movie/TV studio and a satellite provider of broadband have in common? For Compass (salt miner), Lionsgate (movie/TV studio) and

Cove Street Capital August 17, 2022

Thoughts

Join Jeff Bronchick at Robotti Value Live – Markel 2022

This year’s Robotti Value Live, Markel 2022 is going to be live and in the flesh and Jeff is back on the panel to deliver

Cove Street Capital May 5, 2022

Markets, Rationality & Decision Making

On the Small Side of Small: Eugene Robin On Microcap

Our very own Eugene Robin was published in the Q1 2022 Issue of the MicroCap Review Magazine. In the article Eugene covers the issues facing

Cove Street Capital March 3, 2022

Specific Stock Ideas

Who Knew He Still Had Ties?

From time to time, our collective experience in idea and liquidity sourcing, business analysis, valuation, corporate finance, corporate governance, compensation schemes, and investor relations finds

Cove Street Capital March 3, 2022

Podcasts & Recordings

Software-as-a-Service, Artificial Intelligence and Industry 4.0 with Daniel Harari, Chairman and CEO of Lectra

Our guest on Episode 6 was Daniel Harari, the Chairman, and CEO of Lectra. Lectra is a 1.5 billion Euro market cap company based in

Cove Street Capital January 11, 2022

Markets, Rationality & Decision Making

2022 Note to Self, “Novel Process” is a Phrase to be Carefully Considered Before Investing

Kicking smart people when they are down has been a great American pastime since the ink dried on the constitution. We pass on that activity.

Cove Street Capital January 4, 2022

Markets, Rationality & Decision Making

Everything is Fine

Cove Street Capital November 22, 2021

CSC Strategy Letter

CSC Strategy Letter | Number 45 | VSAT and Inmarsat: Did We Just Snatch Defeat from the Jaws of Victory?

When your largest position, Viasat Inc. (Ticker: VSAT), enters into a transformational merger involving regulatory complexity, interesting technology, enough equity issuance to require a shareholder

Cove Street Capital November 15, 2021

ESG

Hmmm from the ESG Investing Trail…

WSJ July 2021 “This followed the announcement in April that Japan’s Government Pension Investment Fund, the world’s largest with around $1.6 trillion under management, is

Cove Street Capital July 22, 2021

Specific Stock Ideas

Objects and Observers: GP Strategies and $20.85

One of our larger holdings agreed to sell itself last week at what we would consider a fair price. This has been a long and

Cove Street Capital July 21, 2021

Specific Stock Ideas

Another day, another podcast on Viasat

In case people were not 100% sure about what we think of Viasat (Ticker: VSAT) as a potential investment, Eugene and I had another opportunity

Cove Street Capital July 20, 2021

Markets, Rationality & Decision Making

Throw This in Your Earnings Pie

Yes, it is a correct statement that CSC does not have the quant chops to do our own work in this space (Well, Partner Eugene

Cove Street Capital July 15, 2021

Markets, Rationality & Decision Making

Holy About Time Batman: The SEC is Shocked That Many SPACs are Complete BS

Original Press Release posted at sec.gov. SEC Press Release SEC Charges SPAC, Sponsor, Merger Target, and CEOs for Misleading Disclosures Ahead of Proposed Business Combination

Cove Street Capital July 14, 2021

The Business of Investment Management

A Classic Historical Rhyme

Originally published in the Wall Street Journal. When a 59% Annual Return Just Isn’t Enough Investors appear to be growing more and more optimistic about

Cove Street Capital July 8, 2021

ESG

Random Notes: Hydrogen

You might have heard about this “Green” thing. On an unemotional basis, estimates are thrown around regularly that “we” (whether that includes China, India, Brazil,

Cove Street Capital July 7, 2021

Economics at Large

What Worked in Hindsight: Buying High Valuation and/or No Earnings

We know all too well that what has worked recently is owning low-ROE and non-earning companies. But going forward, isn’t it reasonable to expect solid

Cove Street Capital July 6, 2021

Economics at Large

Half Smart, Half Obvious Backward Looking

There are large elements to truth in this piece, but it also references a period where NOTHING was easier and smarter and cheaper than being

Cove Street Capital June 30, 2021

CSC Strategy Letter

CSC Strategy Letter | Number 44 | Don’t Get Rugged

Read last quarter’s Strategy Letter here. June 2021—Be forewarned – we are going to empty the quote bin this quarter. Let’s start with one Robert Smith,

Cove Street Capital June 30, 2021

Markets, Rationality & Decision Making

To Call this a “Refresh” is like Turning over a Dirty Diaper and Exclaiming It’s Clean: The 2021 Russell Index Rebalancing

We manage other people’s money so it is only fair that we are compared to something. The Russell Index mafia is that something and calling

Cove Street Capital June 29, 2021

Thoughts

If a CEO is now accountable to everyone, then in reality he is accountable to no one?

An interesting piece about “stakeholders” and how the theory flies in the face of a LOT of reality. Excerpt below. Original article appeared in City

Cove Street Capital June 23, 2021

Markets, Rationality & Decision Making

The Ever Thinning Line Between Aspirational Forecasting and Out and Out Lying

Republished from Almost Daily Grant’s, a Grant’s Interest Rate Observer daily newsletter. Under The Hood A Different Kind Of U-Turn. Electric Vehicle Hopeful Lordstown Motors

Cove Street Capital June 22, 2021

Markets, Rationality & Decision Making

The High Price of Financial ClickBait?

I read a lot. And cut and paste a lot. And save a lot of things, From time to time, I don’t feel like “working”

Cove Street Capital June 15, 2021

Markets, Rationality & Decision Making

From the Annals of Unelected Officials Making our World a Better Place

“Servicers who put struggling families first have nothing to fear from our oversight, but we will hold accountable those who cause harm to homeowners and

Cove Street Capital June 10, 2021

Economics at Large

There is Everything Wrong With Exxon – Just Nothing That Will be Fixed By Letting The Clamoring Horde Onto The Board

There are lots of things that OWNERS should hate about Exxon, all of which are related to their last decade of capital allocation in their

Cove Street Capital June 3, 2021

Podcasts & Recordings

Microcap Investing War Stories with Eugene and Ben

As an investor, if you spend the majority of your time looking at larger cap companies, it is truly hard to appreciate the wacky and

Cove Street Capital June 1, 2021

Thoughts

Exclusive commentary and insights from Team CSC's deep fundamental research, repeatable investment process, and culture of continuous improvement.

Categories

Author: Cove Street Capital

After 44 Years, We Are Moving from Buy to Sell

Linda Evangelista and the Definition of Smallcap Investing

Yet Another Value Podcast: Jeff Bronchick and Andrew Leaf talk $ECVT Ecovyst+ $VSAT Update

CoveyChat

Off-Spreadsheet Adventures in Six Flags (NYSE: SIX)

Leverage Correlation Makes Buying Opportunity

Join Jeff Bronchick at Robotti Value Live – Markel 2022

On the Small Side of Small: Eugene Robin On Microcap

Who Knew He Still Had Ties?

Software-as-a-Service, Artificial Intelligence and Industry 4.0 with Daniel Harari, Chairman and CEO of Lectra

2022 Note to Self, “Novel Process” is a Phrase to be Carefully Considered Before Investing

Everything is Fine

CSC Strategy Letter | Number 45 | VSAT and Inmarsat: Did We Just Snatch Defeat from the Jaws of Victory?

Hmmm from the ESG Investing Trail…

Objects and Observers: GP Strategies and $20.85

Another day, another podcast on Viasat

Throw This in Your Earnings Pie

Holy About Time Batman: The SEC is Shocked That Many SPACs are Complete BS

A Classic Historical Rhyme

Random Notes: Hydrogen

What Worked in Hindsight: Buying High Valuation and/or No Earnings

Half Smart, Half Obvious Backward Looking

CSC Strategy Letter | Number 44 | Don’t Get Rugged

To Call this a “Refresh” is like Turning over a Dirty Diaper and Exclaiming It’s Clean: The 2021 Russell Index Rebalancing

If a CEO is now accountable to everyone, then in reality he is accountable to no one?

The Ever Thinning Line Between Aspirational Forecasting and Out and Out Lying

The High Price of Financial ClickBait?

From the Annals of Unelected Officials Making our World a Better Place

There is Everything Wrong With Exxon – Just Nothing That Will be Fixed By Letting The Clamoring Horde Onto The Board

Microcap Investing War Stories with Eugene and Ben

Important Notice

Thoughts

Exclusive commentary and insights from Team CSC's deep fundamental research, repeatable investment process, and culture of continuous improvement.

Categories

Author: Cove Street Capital

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