Mike Goodson

Sears' Lampert: How Much Trouble Is “The Next Warren Buffett” In?

Would you rather have Lampert in charge of Sears right now or someone who's been ONLY been in retail? Anyone who bought SHLD because they thought it was next Berkshire Hathaway probably got what they deserved, but the story make not be completely broken. See more thoughts on SHLD here:

www.vestopia.com/Blogs...

Nacco Industries: Strong Financials, Cheap Valuation

Great story. Any idea about EPS potential for 07 and 08? I guess the company doesn't give any guidance...

In Defense of Jim Cramer

Thank you all for your comments. I think investors are best served when they can see a spirited dialogue among thoughtful people.

To johnny b. dog -- I would encourage you to take a look at the VesTopia.com website. We are not paid active managers and we do not offer investment advice. It is a unique model that I think will well serve many investors. And I promise never again to promote VesTopia in an investment blog again -- Scout's Honor...

To Vladimir - I agree with you that paid advice is not always better than free advice; the trouble is that much of the "free advice" I see is 1) hard to use, 2) hard to distinguish from simply touting a stock the author owns 3) overwhelming in volume or 4) hard to apply to MY portfolio. The most difficult challenge for consumers of free advice is telling the bad from the good. I think some poeple like Cramer's stuff because he tells them about a stock never before considered. If they are thoughtful and then do their own homework and make an independent decision about the stock - that's great. That's what I do. Blindly following any advice - regardless of the cost - can be very costly for a non-professional investor. And yes, Vladimir - your free advice was priceless =)

To Igor - I think your sentiment mirrors the opinion many professional investors have regarding Mr. Cramer. I am not sure he thinks he is intentionally harming anyone; but perhaps he does not realize that investors who blindly follow him (maybe he thinks no one really does?) can get into big trouble fast.

Thanks again for all your comments...