sharksandwich

How to Invest in Water

There are also some companies holding valuable water assets and or water rights such as BWEL, LMNR, and PICO. It would be interesting to see a purer water play than the current ETF - ticker PHO.

good article. thanks.

What Liquidation Will Look Like for Footstar, Kmart

Why do you assume that all the monies will be paid out within a year? First, they'll need to sell their headquarters -which has been on the block for eons. Second, they'll need some reserve to set aside for known and unknown contingent liabilities. This could be $5mln. Couple that with a $20mln building and you have a significant amount of monies tied up that are not available for distribution.

Smurfit-Stone: Cheap on Valuation

why not look at KPPC. better cash flow yields, lower debt and better management. SSCC is a D+ relative to KPPC

Legg Mason: Quintessential Bear Market Value Play

Legg Mason makes money on fees from Assets Under Management. This money is extremely sticky. Just look the the latest 12 month outflows. It's tiny ....especially in light of the under performance of one fund which makes up a small % of the almost $1 trillion in AUM. ROICs are high and will continue to be hi. Put a chart up of the stock performance of LM and then lay it over FRE and FNM. It's Miller's latest folly and yes it hasn't been pretty. But why would a stock with $1 trillion in AUM mirror that of ONE investment that has created a PAPER loss of less than 0.1%! As for Alpha Seeker's comments, "Their managers cannot even outperform a[sic] average index". News Alert Alpha Seeker -- most money managers (90% +) don't outperform but that hasn't stopped institutions and retail investors from seeking that outperformance.

Sears: Going Private? Not So Fast

Exactly!!!!! They know that. They aren't in denial. They have a set time to find a solution or liquidate. Plain and Simple.

Sears: Going Private? Not So Fast

Corrupt? What evidence do u have of this John? Bloated? Inventory you mean? Yes, agreed however that is temporary. Cramer is a non event. Lampert, Ackman, DEShaw, Pabrai, Tisch, Miller etc... These are serious value investors with patience. You can't compare Sears to a Target or a Wal Mart. It's not that kind of retailer. It is, unlike a Wal Mart, a brand rich co. And, unlike TGT or WMT, they can and will sell their real estate and be gone with the stores after they are sold. No sale lease backs in store here. That is one of the myths about WMT or TGT. Selling their real estate to generate cash to pay a large dividend doesn't make sense when you plan to run those stores and lease it back from the buyer. Margins go down and you become less profitable. Period. Sears is an asset rich co., not a traditional retailer anymore, despite what Lampert claims to be telling us. If we didn't own brands or the services that they do, this co would be in trouble. That just simply isnt the case. I love reading all the chest-pounding "I told u so" bearish posts. It's a shame that stock prices still dictate the reactions. When it was at $170 everyone loved the co. Now at $78 everyone hates it. In the long run, the co. is in the exact same shape it was at both stock prices. Investing is a great business because it's a zero sum game. There will be one winner and one loser. I might conclude that being short the last 9 months has been the easiest thing to do. At some point, it'll rip your lungs out