Value Investing News - WCG - Comments

My fav quote

alexg — Tue, 10 Jun 2008 17:32:05 -0400

"You cannot spend clicks"
I will admit I did not spend much attention on the other guys, but Burkowitz has moved to my top 3 gurus. All his picks have a clear thought out thesis with most of them being no brainers.

http://www.contrarianvalueinvesting.com/

Just watched this WealthTrack

George — Tue, 10 Jun 2008 08:28:24 -0400

I just finished watching the episode of WealthTrack. Bruce Berkowitz has some interesting things to say. He is moving out of the energy sector and into health care. Berkowitz requires a 10% free cash flow yield. Great quote by Berkowitz about why he focuses on free cash flow: "Cash is all you can spend."

I also found the comments by art market expert Michael Moses to be of interest, since I hold Sotheby's. He maintains an art index at his website, Beautiful Asset Advisors. Moses feels the art market is strong. His index was up +20% last year and the spring auctions were quite good. He believes that a decline in the art market takes a prolonged and substantial down turn in the economy to impact the buyers of art and art prices. While he confirms that post war and contemporary art is going through the roof at great than 25% appreciation, old masters are not doing as well with only 8% appreciation. Low priced works tend to outperform high priced market. Moses take home message, "Don't overpay for art." Use an art index and adjust a previous sale price to determine a price that you should avoid paying above.

Looks like Berkowitz is

George — Fri, 14 Mar 2008 16:24:27 -0400

Looks like Berkowitz is talking up WellCare again in this video. Also talks about buying Sears (SHLD) and Canadian Natural Resources.

Direct linking

George — Fri, 14 Mar 2008 16:13:56 -0400

Please link to the video directly so people don't have to click as much. Also, please add a short description to your submissions. It can even be a quote of the first or last sentence if you are short on time.

I've updated the link for you so you still get credit for this nice find. Thanks Todd.

I haven't really thought

George — Sun, 02 Mar 2008 12:00:28 -0500

I haven't really thought about WellCare until this article. I'll have to look into it.

It also seems like the more I read that Sears Holdings is the next Berkshire, the less I'm convinced. I think Western Sizzlin is closer to the next Berkshire than Sears Holdings.

I also went ahead and added the tickers SHLD, SATS, and WCG.