For those who have followed us for some time, you know that we are big fans of Bruce Berkowitz and his investment style.  He is probably the guy we have the most in common with in terms of our stock selection process.  Last year was a tough year for him, but while investors in his...Read More

Ron Johnson is intelligently offering free Sunday haircuts for kids from kindergarten to sixth grade at J.C. Penney.  The company is aggressively remodeling its stores to a cleaner “store within a store” look.  By appealing to mothers with a free haircut for their children, J.C. Penney is attracting some of its prime target market to...Read More

In a world of constant over reactions Fortune contributor Sheila Bair takes the cake in her assessment of JP Morgan.  Because of their $2 billion and counting trading loss she believes the bank would be better off broken up.  Keep in mind that no bank in the United States, and few in the world has...Read More

It is amazing to think that housing prices have gotten to their 2002 levels.  Affordability is extremely attractive and renting is getting much pricier.  With interest rates so low the opportunity to but a home is one that should certainly be taken advantage of particularly for first time home buyers. http://money.cnn.com/2012/04/24/real_estate/home-prices/index.htm?hpt=hp_t1 INVESTING IN THE FINANCIAL...Read More

The substantial decline in real estate prices paired with increases in rental prices, have made buying a home cheaper in many cases than renting.  This is a huge factor in our investment thesis that real estate has hit the bottom.  With rates so low buying a house makes all of the sense in the world,...Read More

This article outlines some of the possibilities for Sears.  I don’t disagree with their scenarios but they don’t add much in terms of the value of the various assets.  I think many people are drastically understating the actual value of the real estate and long term leases.  Also if housing does come back and appliance...Read More

Fortune Magazine did a great job profiling Banco Santander (STD) Chairman Emilio Botin who has built a family run Spanish regional bank into the largest European bank by market capitalization.  I really appreciate his philosophy of buying banks with an international presence during a period of turmoil, and then helping them recover through incorporating his...Read More