All ideas

Berkshire Hathaway is one of the insurance companies in the portfolio, reflecting a careful selection of firms with strong franchises and balance sheets.

Vulcan Materials is a strong business in the materials sector, and while there is a similar situation with Martin Marietta, Vulcan is currently owned in the portfolio.

Republic Services has capable management and good assets, making it a solid alternative to Waste Management, which is currently in the portfolio.

The long-term outlook for the waste industry is strong, and Waste Management is a leader in this space, making it a favorable investment choice.

Pool Corporation has a strong management team and an enviable competitive position in the pool construction and maintenance supplies distribution business, making it an attractive investment opportuni

Occidental focuses on proven resources rather than wildcat exploration, with low finding and development costs and a strong emphasis on return on invested capital, making it a compelling investment de

XTO is involved in acquiring and exploiting proven resources with low finding and development costs, making it a solid investment despite the volatility of commodity prices.

Grainger is a leading distributor of maintenance, repair, and operations supplies with significant market share growth potential, as it currently holds less than 5% of a $140 billion market. The compa

Dentsply is the leading provider of consumable and other products to dentists, benefiting from positive demographic trends that should fuel increased demand. Currently trading at $26, under 14x this y

The current price of $60 per share implies expectations that are unreasonably low, assuming a downturn twice as severe as that of 2001-2003 and an anemic recovery. My fair value estimate of $90 sugges

PCP’s business is misunderstood due to its cyclical nature, but it will benefit from a secular shift to high performance materials like titanium, providing organic growth of 5-10% per annum. Additiona

Smith Investment Company is involved in a merger with AO Smith, where shareholders will receive shares of AO Smith, and the company also has other businesses being spun off into a liquidating LLC, whi

AO Smith is acquiring Smith Investment Company for stock, which presents an arbitrage opportunity. The deal involves receiving shares of AO Smith for shares of Smith, and the underlying businesses of

TNR Technical is trading at $8.50, but has $2.55 million in cash, making its enterprise value extremely low at just $47,000. The company has generated $700,000 in operating income over the last year w

Fortress International operates in a huge growth industry with a solid management team. The stock is currently priced at $1 per share, with an enterprise value of about $6.3 million, while the busines

Essex Crane has shown strong fundamentals and a great management team, with the stock price recovering from a low of $3 to a current bid of $5.40, indicating positive market sentiment and growth poten

Avantair is benefiting from a shift in consumer spending habits, as it offers fractional ownership of planes at half the cost of competitors like NetJets. This positions the company well to capture ma

The team recommended Jack in the Box with a target price of $30 per share, citing strong core restaurant operations, significant asset value, and growth potential in its Qdoba chain. They believe refr

The team recommended purchasing Clear Channel senior secured term loans, which were trading at forty cents on the dollar, implying an enterprise value of $6.7 billion. They calculated the firm's value

The team argued that Apollo Group's growth in Associate degrees, which have lower tuition and higher default rates, poses a significant risk to its revenue, with 80% at risk due to Title IV eligibilit

Apollo Group is priced to perfection while the outlook is far from perfect. The company must increase its enrollment by more than 70% to maintain its current valuation, which is unrealistic given incr

Fortress International is expected to perform well regardless of the overall economy, indicating a strong business model that can withstand economic fluctuations.

Citigroup was also trading as if it was going bankrupt, but the investor sees potential for recovery as the market sentiment shifts and prices reflect a more balanced view of the company's prospects.

General Electric was trading at $5.80, reflecting a market perception that it was going bankrupt. However, the investor believes that much of this pessimism has already been priced into the stock, sug