May 27, 2011

Inside This Issue


Impeccable Logic

Dennis Delafield, Vincent Sellecchia, Delafield Fund

Dennis Delafield and Vincent Sellecchia of the Delafield Fund describe why their portfolio companies are hardly a glamorous lot, a key impetus to the “special situations” they typically pursue, why cash is more valuable than ever, and why they see mispriced value in Collective Brands, Albany International, Checkpoint Systems and Ferro.

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Comeback Trails

Lloyd Khaner, Khaner Capital

Lloyd Khaner of Khaner Capital explains the primary impediments to company turnarounds, why investing in the Jack in the Box restaurant chain was a pivotal experience, whether his long-time gold bullishness is intact, and what he thinks the market is missing in Sonic Corp., Cadence Design, Och-Ziff Capital Management and Illinois Tool Works.

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Strategy: Real Estate

In a sector where recovery has been fitful at best, two experts assess today’s opportunity set.
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Uncovering Value: Skechers

Is the market right in treating the trend-conscious shoe company as if it’s a one-hit wonder?
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Editors' Letter

Advice for those trying to win at the Loser’s Game of investing.
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Who's Behind VII?

John Heins, Co-Founder, Editor-in-Chief
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John Heins co-founded Value Investor Media, Inc. in 2004 and since then has served as its President and as the Editor-in-Chief of Value Investor Insight. In 2016 he took on an additional role as a Professor of Value Investing at the University of Alabama and is now the Director of the university's C.T. and Kelley Fitzpatrick Center for Value Investing.