Geoff Gannon explains when you should and when you shouldn't invest based on news of Berkshire Hathaway's activities in specific stocks. This is a great article that all Warren Buffett fans should read. (Not to mention, it also recommends Value Investing News and Fat Pitch Financials.)

Stock Category: Turnaround
Ticker: HDL
Share Price: $6.95 (Mar. 9, 2007)
Intrinsic Value: $14.76
Suggested Buy Range (66% of IV): Below $9.74
Market Cap: $141 million

Handleman is an understandable business with a wide margin of safety, quality management and rock-bottom valuations. For these reasons it qualifies as a stock pick from The Picky Investor.