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Dan Braem
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  • Dr. Pepper Snapple and Other Stuff
    I am running a mock portfolio @ - interestingly enough, it is very challenging in this market where everything goes up without a pullback.  As a value investor, every day the market goes up, there is subsequently less value! 

    I am getting called out of a Doctor Pepper Snapple position today - I bought this thing at $17 and change and it has really moved.  It looks like somebody big is accumulating this stock.  I haven't wrote about this company on this website, but I did include it in my book "Building the Next Berkshire Hathaway".  This company is doing all the right things - most importantly, paying off debt.

    Enjoy the weekend.

    Tags: DPS
    Aug 21 12:25 PM | Link | Comment!
  • Blog Site - Creating a mock portfolio
    I am switching my blog to a mock portfolio site.  It seems many people write about a lot of ideas, but there is no accountability.

    I would like to create this site so there is some accountability to any recommendations I make.  The blog is found at the following site:

    Aug 17 3:46 PM | Link | Comment!
  • Loews
    A stock I have written about quite a bit, Loews, recently reported earnings.  The key to this stock was the upward valuation in some of its investments within the CNA portfolio.

    Boardwalk should be in much better shape going forward - most of the problems with the pipes have been resolved. 

    Diamond Offshore is rock solid.

    I would be curious to see what the FMV is for the hotels.  Must be much more than the $350M reported on the financial statements.

    Once CNA stabilizes, they can re-pay the $1.25 preferred they owe to Loews (parent).  That will give Loews about $4B in cash, with about $800 in LT debt as an offset.

    That is a lot of cash for the size of Loews.  Will be interesting to see how they deploy. 

    This company is my largest holding (full disclosure) - stay tuned!

    Aug 05 4:24 PM | Link | Comment!
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    May 22, 2009
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    Apr 8, 2009
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