Cheap Stocks 26 Net/Net Index First Year Performance

The CS 26 Net/Net Index ended its first year up 36%, versus 30.8% for the Russel Microcap Index.  Despite strong performance, one year is not an adequate time period, in our view to measure success, or failure, and we'll copntinue tracking the index.

During the first year there were four names that were the subject of buyout or mergers, including Big Band Networks, Adams Golf, Parlux Fragrances, and Trimeris.  Post merger companies Perfumania Holdings (PERF), which acquired Parlux, and Synageva BioPharma (GEVA), which acquired Trimeris, remain constituents of the index.

Biggest Investing Mistakes- Great Investors TV

http://greatinvestors.tv/video/jon-heller-of-kej-financial-on-the-single-biggest-mistake-in.html

Beware of Perennial Net/Nets

http://greatinvestors.tv/video/beware-of-perennial-net-nets-jonathan-heller-of-kej-financia.html

Value Investing Challenge

The Value Investing Congress and Sum Zero have announced the Value Investing Challenge.  Among other things,the winner, who will be selected by a team of well-known value investors, will receive free admission to the upcoming Value Investing Congress in NY (an event I attend regularly), and a speaking slot at the Congress.

The deadline for submission of ideas is August 19th.

This year's NY Value Investing Congress will take place October 1-2 at the Marriot Marquis.

Hope to see you there!

Cabela's (CAB), Avalon Holdings (AWX)

More excerpts from an April interview with the Manual of Ideas.

http://greatinvestors.tv/video/what-makes-cabelas-cab-special-jonathan-heller.html

*The author has a position in AWX. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only.

Cresud, St. Joes

http://greatinvestors.tv/video/jonathan-heller-president-of-kej-financial-advisors-is-there.html

Another piece of an April interview I did with the Manual of Ideas.  Subsequent to this interview, shares of Cresud (CRESY) which were trading for around $9 at the time, dipped below $7, and I did establish a new position.

*The author has a position in CRESY. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only.

Interview on greatinvestors.tv

I was recently interviewed by Oliver Mihaljevic of The Manual of Ideas; here is a snippet of that interview concerning Tootsie Roll Industries (TR). Some faces just were not made for TV.......