June 30, 2016

Inside This Issue


On the Defensive

Charles de Vaulx, Int’l Value Advisers; Zeke Ashton, Centaur Capital; Kimball Brooker, First Eagle Investment; Jayme Wiggins, Intrepid Capital

Four highly successful investors explain why they’re sitting on so much cash, where they expect to use it when the time comes, and where – even in what they consider a pricey market – they see bargains of particular note.

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Learning Curve

Shad Rowe, Greenbrier Partners

Frederick “Shad” Rowe of Greenbrier Partners explains why he’s dramatically changed his investing strategy more than once in his career, what his edge is in high-profile stocks, why he trades so infrequently, why he considers his generally sunny outlook to be contrarian, and why he sees long-term upside in Southwest Airlines, Costco, Facebook and Markel.

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Uncovering Value: CalAmp

Has the market’s wait-and-see approach to the company’s transition gone on a bit too long?
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Uncovering Value: Boingo

If investment spending wanes and the investments actually pay off, things can get interesting.
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Editors’ Letter

On the subjects of temptation, frustration and process.
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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.