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Blount International is positioned to benefit from increased demand in the outdoor products market, particularly with its strong brand portfolio and innovative product offerings. The company has a sol

When USG was trading at $90 in 2006, it was implied that there would be a soft landing in the housing market and the return over invested capital for USG would remain around 30%, which we considered a

In May 2008, we were short CSX because the market was implying that the ROIC would be 15% in perpetuity, which we believed was unrealistic given the economic conditions and competition from trucking.

Paychex is a very interesting business with very high barriers to entry, customer captivity, and high return over invested capital; however, we wouldn’t feel comfortable knowing when to short a busine

We bought AAP's shares when we started the fund and sold recently, with a good realized return.

CoreLogic is a high ROIC business services and data analytics company with leading niche market share that is poised to benefit from long-term secular trends in the mortgage and financial industry. Th

U.S. Physical Therapy is positioned to drive operational efficiencies and capture market share through strategic acquisitions of small operators in a fragmented market. The company is expected to grow

U.S. Physical Therapy is poised to benefit from secular demand growth for physical therapy services, with attractive unit economics and solid cash flow. The company has opportunities for market share

Dillard's has tremendous hidden real estate value, with a breakup value estimated at $52 per share compared to its current price of around $27. The company is undergoing a fundamental turnaround, whic

Yamana Gold is trading at a 25% premium to book value but still presents an attractive investment opportunity due to its significant organic growth potential and strong balance sheet, with earnings po

Republic Airlines is a low-cost operator trading at 86% of tangible book value, with an estimated earnings power of $1.60, implying a valuation of 5.4x potential earnings. The company is expected to b

AGCO is a farm equipment manufacturer that has been generating significant free cash flow. The company is viewed positively due to its operational improvements and potential benefits from inflation, m

Aon is an insurance brokerage firm with about 65% of its revenue coming from outside the US. The company is expected to benefit from increased premiums in an inflationary environment, and even without

CoreLogic provides essential data and analytics for the real estate and mortgage industries, which positions it well to capitalize on the recovery of the housing market and increased demand for its se

U.S. Physical Therapy is well-positioned in the healthcare sector, benefiting from the increasing demand for physical therapy services as the population ages and seeks rehabilitation services.

Sidney Gargiulo presented a long recommendation on Interactive Brokers Group, arguing that the company is well-positioned to benefit from increasing trading volumes and market activity, making it a st

Grant Bowman presented a short recommendation on Avery Dennison Corp. during the Moon Lee Prize competition, suggesting that the stock is overvalued based on his analysis of the company's fundamentals

Buffett describes his early investment in Disney as acquiring significant value at a low price, highlighting the company's strong content portfolio and pricing power through ESPN. He notes that Disney

Buffett highlights Coca-Cola's unmatched global brand presence and consistent sales growth, with 1.6 billion servings sold daily. He emphasizes the company's pricing power, noting that even a small pr

Warren Buffett sees BYD as a remarkable company run by a remarkable CEO, Wang Chan Fu, who has demonstrated integrity and strong business acumen. The company is the second largest cell phone battery m

Kronos was bought by Tweedy, Browne as part of their strategy to invest in companies that had fallen in price, indicating a belief in its recovery and growth potential in the beverage equipment indust

Linde was re-acquired by Tweedy, Browne after the market downturn, reflecting confidence in its long-term value and recovery potential in the industrial gas sector.

Cintas is part of Tweedy, Browne's portfolio, indicating a belief in its strong business model and growth potential in the uniform supply industry.

Henry Schein is considered a recession-resistant business and was bought by Tweedy, Browne, reflecting confidence in its stability and growth potential even in challenging economic conditions.