Discusses a table that shows how much value some of the leading Australian infrastructure companies have lost relative to their Net tangible Asset value.

Value Discipline hosts the fifth weekly edition of the Festival of Stocks. Posts include discussions of Blockbuster (BBI), iPass (IPAS), Estee Lauder (EL), and Factory Card and Party Outlet (FCPO) among others. The Festival also includes a review of Christopher Browne's new book, "The Little Book of Value Investing".