Liquidity became too small:

http://biz.yahoo.com/bw/071206/20071206005638.html?.v=1

Well, I wish them the best...poor Mohnish :)

Got out with their new cash release and the market did not like it at all. I think they are going to make it and I am adding a little too it. Let's see how this turns out...

http://biz.yahoo.com/bw/071108/20071108006392.html?.v=1

Regards,

Jan

Sardar Biglari of the Lion Fund (and Chairman of publicly traded Western Sizzlin) just filed a 13D for a stake in Steak'n Shake. The deal has close similarities to his involvement with Friendly's Icecream. At the latter, his efforts turned into a 70% gain within a year. I am hoping for a revival :)

Check out his new homepage at:

http://www.enhancesteaknshake.com/

-Jan

The IR department of RWT does a very good job in explaining mortgage economics:

RedWoodReview


Hope that helps,

jan

Sardar Biglari of Western Sizzlin tries to stop restaurant- multi IHOP from taking over Applebees. In the past, Biglari proved to be quite successful at his ventures and he is experienced in the restaurant sector. I as a WSZL.OB stockholder hope for a revival of Sardar's work at FRN.

http://biz.yahoo.com/prnews/070725/new084.html?.v=15


Regards,

Jan

WSZL.OB's chairman Sardar Biglari just issued his 2007 letter to investors- a  MUST read.

2007 letter


Jan

I would like to summarize why I invested a relatively large portion of my account in HNR.

You should always be able to explain your best investment ideas in three sentences:

"HNR is a sophisticated exploration and production company based in Texas that does business mainly in Venezuela. The Venezuelan government under Chavez nationalizes several  oil fields and negotiates new contracts with foreign production companies. Investor are scared as **** about Chavez's actions and fear complete seizure. Therefore, stock prices of some entities like HNR do not reflect the economic reality of the underlying business. From the moment HNR and the Venezuelan government sign papers, HNR has the right to produce  up to $15 per share in oil. Ryder Scott evaluated the latter number and uses a (ridiculously high) discount rate of 20%annually. Given today's price of around $10 and plenty of cash on the balance sheet, margin of safety is high enough to compensate for any 'Venezuelan risk'."

Sorry, I need more than three sentences but it seems like a decent idea to me anyways. In case the aforementioned information is not enough for you (and it shouldn't, if you consider a sensible investment) I would like to refer to the writup on www.valueinvestorsclub.com. The author did an OUTSTANDING job in lining out the HNR long thesis.

Ahh yeah, btw:
Recently, a guy named Mohnish Pabrai bought some million shares in HNR. I wonder what that could mean...

Jan

Just read the following article:

CHK growth

Aubrey definitly got it right on that one....


Jan

pelcmarek,

I appreciate your fictional investment in DFC! Indeed, putting putting all your assets into one stock is a volatile yet attractive way to earn substantial returns. If you do a thorough analysis and can bear losses, focusing on some ideas is probably the way to go.

Where do you think lies the main risk that the DFC investment fails?

I wonder whether you invest your personal portfolio the way you invest in your stokblogs.com account...it would definitly earn my highest respect.

Jan

Pelcmarek,

What is your main idea behind heavily investing into JOSB?

I read the press release today after the stock took a hit.

Thanks for your insights,

Jan

JoS. A. Bank Clothiers Announces 10.1% Increase in March 2007 Sales; Comparable Store Sales Rise 1.4%
Thursday April 12, 6:00 am ET

HAMPSTEAD, Md.--(BUSINESS WIRE)--JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: "JOSB") announces that its total sales for the fiscal month ended April 7, 2007 (fiscal March 2007) increased 10.1% to $45.7 million versus $41.5 million in the fiscal month ended April 1, 2006 (fiscal March 2006). Comparable store sales gained 1.4% in fiscal March 2007, as compared with fiscal March 2006, while Direct Marketing sales increased 7.7%.

Comparing the two fiscal months ended April 7, 2007 with the two fiscal months ended April 1, 2006, total net sales increased 11.8% to $84.1 million from $75.2 million. Comparing the two fiscal months ended April 7, 2007 with the corresponding two fiscal months of the prior year, comparable store sales increased 2.0% and Direct Marketing sales increased 16.9%