Author:
Koyal Group
Jul. 17, 2013 - TOKYO, Japan -- Analyst and Senior Vice President of Mergers and Acquisitions, Mr. Peter Keller, at Tokyo based equity research firm believes Steel Partners Holdings L.P (NYSE: SPLP) to be undervalued by nearly 40 Steel Partners Holdings L.P is an international holding company with substantial investments spread across a range of sectors, including; defenses, banking, insurance, and education.
The company appears weaker on paper than it is in reality due to several primary factors, they have been strictly adhering to GAAP measures, there is a lack of confidence in the CEO who owns a large proportion of the business, and a wide range of investments in companies which are faltering and ugly.
The company was founded in 1990 by Warren G. Lichtenstein as a small cap activist hedge fund called Steel Partners II. From 1990 to 2008 the fund managed to return 700for investors. But 2008 and 2009 were dismal years for Steel Partners II; they lost almost 50of its investments as a result of the credit crisis. This caused Lichtenstein to covert the hedge fund from Steel Partners II to Steel Partners Holdings L.P.
Steel Partners Holdings L.P. defines its self as a 'value investment company,' they buy controlling percentages of struggling companies, and then help them to fix their problems so the company can be resold for a profit at a later date.
Shares of Steel Partners Holdings L.P. currently trade at $14.30, they are increasingly profitable, have a diverse range of investments, and a focus on investor´s interests and providing a safety net for investors.
The company has grown about 8.5annually, which is heavily influenced by sales, purchases and dividends from long term investments. The management´s operating policy targets long term investments and an annual increase in average return on equity should be expected in the next few years.
About Us
Based in Tokyo, Japan, Koyal Group is a boutique equity research house and has its foundations set in personal client advisor relationships, and despite being one of the largest equity research houses in Asia we are proud to say we maintain strong interpersonal links between our clients and their allocated advisors. This along with our approach to financial analysis has meant Koyal Group has grown year after year since 2003.
Our analysts specialise in equity research, but also offer fixed income analysis for users of other instruments. Within the equities division we specialise in Technology, Financial and Industrial/ Metals research.
Essentially we seek to identify within these sectors, distressed or undervalued securities, and once we have identified a security we feel may be suitable for investment we then conduct a thorough fact finding session and employ a multitude of quantitative and qualitative calculations in order to assess whether the security is viable for recommendation to our clients.
Our history stretches back over ten years to January 2003 when the company was established, since which we have grown two hundred fold in terms of staff and managed to keep the majority of our original client base, which we believe is testimony to us having provided a service that is second to none.
Article Source: http://www.articlesbase.com/press-releases-articles/koyal-group-finds-diamond-in-the-rough-6726839.html
About the Author
Based in Tokyo, Japan, Koyal Group is a boutique equity research house and has its foundations set in personal client advisor relationships, and despite being one of the largest equity research houses in Asia we are proud to say we maintain strong interpersonal links between our clients and their allocated advisors. This along with our approach to financial analysis has meant Koyal Group has grown year after year since 2003.
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