8/20/2011

Value: 08/19 Reported Insider Buys: Negative EV

ZINC:  Horsehead Holding Co    10% Ownership : Rosenberger Bryan D.    (Industry = Industrial Metals & Minerals) Purchased   1,600  shares for $ 14,880 @ 9.30

Market Cap: 388.02M
Enterprise Value: 258.81M
Value based shareholders:
ROYCE & ASSOCIATES: 12% of the shares outstanding
PABRAI, MOHNISH: 3.11% of the shares outstanding
50.1% off 52 week high and 66% off 5 year high: 1 month return = -29.30%

Strong diversified recent string of insider buying over the past week                               

PFIN:   P&FIndustries Inc.   10% Ownership : Brownstein Howard Brod  (Industry = Small Tools & Accessories)    5,700 Shares purchased for $ 29,450 @5.15
Historically high GM%

65% of 5 years high, YTD return of 35%
Market Cap: 17.51M
Enterprise Value: 30.68M


OPTI.OB :  10% Ownership : S. MUOIO & CO. LLC  Purchased   12,000 shares for $20,102  @1.68
Market Cap:19.68M
Enterprise Value:-6.10M   
Negative enterprise value


HNH :  Handy &Harman Ltd.     10% Ownership : SPH Group Holdings LLC   Purchased  22,623  shares for   $289,237 @12.78
Historically high margins

Market Cap:155.05M
Enterprise Value:326.56M

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