Isaac Schwartz presenting: Grahamanddoddistan, Margin of Safety Kazakh Style at the 8th Annual Value Investing Congress.

Isaac Schwartz

Isaac Schwartz of Robotti & Company Advisors will be the seventh at Value Investing Congress, with his presentation titled: “Grahamanddoddistan, Margin of Safety Kazakh Style.”

Isaac Schwartz is a portfolio manager for Robotti & Company Advisors LLC, an investment adviser that seeks to invest in companies trading at a significant discount to intrinsic value.

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Isaac Schwartz Live Coverage

01:50PM EST:Isaac Schwartz is taking to the stage to present his ideas on Halyk Savings Bank of Kazakhstan.

02:05 PM EST: Schwartz says that Halyk Savings Bank of Kazakhstan has an asset to base capital ratio of 8X, and the bank trades near TBV at 4X trailing earnings.

02:07 PM EST: Schwartz says that the Bank is in a great position to grow and is advising investors to go long.

02:08 PM EST: Halyk Savings Bank of Kazakhstan is the largest bank in Kazakhstan but has just a 20% market share.

02:09 PM EST: Kazakhstan’s resource wealth, in particular its oil reserves, are a good indicator of future growth.

02:13 PM EST: Kazakhstan has rising levels of oil exports and export levels dwarf domestic consumption in the central Asian country.

02:18 PM EST: Halyk Savings Bank of Kazakhstan is re-instituting its dividend at 4% this year.

02:23 PM EST: Schwartz is now opening up the floor to questions.

Presentation is now finished.