On this day in 1876, Alexander Graham Bell was granted a patent for the telephone. Bell’s invention sparked a communication revolution that continues today. Just think, without Bell we wouldn’t have “No Texting” campaigns, international call centers, or dropped cellphone calls. Of course we also wouldn’t have some of the fine writing on the web these past few weeks. So in honor of Mr. Bell, here are some of the best Value Investing related posts from the last few weeks:
- Warren Buffett posted his latest shareholder letter last week, and then did several interviews with CNBC. My Investing Notebook has a full transcript of the interviews and Value Walk has the full video collection.
- The Columbia Business School published the Winter 2011 Graham & Dodd Newsletter. The newsletter features two in-depth interviews with small cap value managers and is worth a read.
- Seth Klarman sent his annual letter to investors in the Baupost Group. While I haven’t been able to find a copy of the full letter, Market Folly features a lengthy excerpt that covers “A Framework for Investment Success”.
- Whopper Investments writes about Pizza Inn (PZZI), an interesting pizza franchising business. The company has risks, but there appears to be some significant upside potential.
- Andrew August uncovers Allied Healthcare International (AHCI). The British home healthcare company has all the hallmarks of a great value investment:
Small size? $105m Market Cap. Check.
Lots of cash? $35M. Check.
Misunderstood? UK Based with lots of exchange rate issues. Check.
Out of Favor Industry? Healthcare, government contracts, and staffing.
Check, Check, and Check.
I plan on researching this one more fully for a possible purchase.
If you have any links I may have missed, Contact Me. I am always open to new ideas and good analysis.