Search This Blog

Friday, May 6, 2011

Corsair Capital Q1 2011 Letter

Below please find via Marketfolly Corsair Capital's Q1 2011 letter. They provide updates on the usual portfolio companies - Globe Specialty Metals (GSM), Innophos (IPHS), Keystone (KYCN), and Schweitzer-Mauduit (SWM). It also contains a detailed write-up on their new investment in IDT Corp (IDT), which they believe is worth $38-57 on a sum-of-the-parts valuation (a 50-130% return).



No comments: