Geoff Gannon August 8, 2007

Interesting Items for Thursday, August 9th, 2007

One of The Eight Best Investing BlogsCheap Stocks, has a good discussion of St. Joe (JOE). Highly recommended.

Fat Pitch Financials reports the results of a poll conducted at Value Investing News, which asked “As a shareholder, would you rather have buybacks or dividends?”

Consuelo Mack Wealth Track had Bruce Berkowitz of Fairholme Fund as one of its guests last week. Here’s the video; here’s thetranscript.

GuruFocus is reporting that Warren Buffett’s Berkshire Hathaway added 1.6 million shares to its Burlington Northern (BNI) stake between August 3rd and August 7th. The purchases were made around $80 a share. As of August 7th, 2007 Berkshire held 40,647,730 shares of Burlington Northern – or about 11.5% of the company. Berkshire’s stake in the railroad is worth approximately $3.2 billion at the current market price.

By the way, GuruFocus (an excellent website) has added a fair value voting feature where – when viewing information about any stock – you can provide your view of the fair value of that stock. You can also see the average, minimum, and maximum fair value estimates provided by other visitors to the site. GuruFocus is beginning to use this feature in more interesting ways such as providing a list of the most overvalued/undervalued stocks as voted by visitors to the site and a list of the most frequently voted on stocks.

I thought some readers might be interested in this sort of thing – if you are, go to and check it out.

Finally, the Motley Fool has an interview with Sardar Biglari of Western Sizzlin (WSZL).