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Hidden Value Stocks Q22: Interview with Plough Penny and Kernow

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HFA Staff
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Hidden Value Stocks
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Below is a brief excerpt from our Q2 2025 issue of Hidden Value Stocks, Read the full Hidden Value Stocks Q2 2025 Issue here.

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Judson Traphagen holds a B.A. in History from Denison University and an MBA from Columbia Business School. Right after college, he began working for former Goldman Sachs investment banker Paul Kazarian at Japonica Partners.

“I was the lowest man on the totem pole in a very small firm, but I was lucky to be part of an extraordinary deal: we acquired bankrupt Allegheny International out of Chapter 11, with backing from Michael Steinhardt and Michael Price,” Traphagen said. “All of the Japonica employees went to work at what was re-named Sunbeam-Oster. We worked 100 hours...

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