Isaac Schwartz presented his in-depth investment thesis on Bauhaus (Hong Kong: 483) at Asian Investing Summit 2015.
Bauhaus is an exceptionally well-run specialty retailer and apparel design business, whose shares are extremely undervalued. For the last thirty years, Bauhaus has been focused on bringing fashion forward trends to Hong Kongers. For the last fifteen years, Bauhaus has focused on bringing those lifestyle products, with an especial focus on denim and hybrid work/going out apparel, to consumers across Greater China, including Taiwan and Mainland China. The stock sells for 9x PE, a 5.1% yield, and has net cash.
About the instructor:
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. In 2005, Isaac launched the firm’s initiative, now known as Robotti Global Fund, to apply fundamental investing in overseas markets. Isaac’s research has led him to work for extended periods of time in Singapore, Istanbul, and Beijing. He has lived in Hong Kong since 2008. Prior to joining Robotti & Company Advisors LLC, Isaac worked for Schiff’s Insurance Observer, an investigative journal focused on the property-casualty insurance industry. Isaac is a graduate of the Wharton School.
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