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

Isaac Schwartz of Robotti & Company Advisors will be the seventh at Value Investing Congress, with his presentation titled: “Grahamanddoddistan, Margin of Safety Kazakh Style.”
Historically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More
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.
Click here to see all Value Investing Congress Live Coverage
Additionally, we are offering a special two-day only 50% off discount on registrations for the Value Investing Congress taking place in September for all ValueWalk readers.
Regular Price: $4,695
Two-Day Special – 50% off: $2,345
Expiration: Tuesday, May 7, 2013
Code: N13VW
URL: www.ValueInvestingCongress.com/ValueWalk
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.
Updated on