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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (29937)	1/31/2008 4:21:49 PM
From: Wallace Rivers	Read Replies (2) \| Respond to of 78476

Sold TGT and bought LUV today FWIW.

To: Jurgis Bekepuris who wrote (29937)	2/22/2008 12:46:51 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78476

OK, I am continuing my quixotic journey in buying WSC. By now it is my second largest position and will be largest position soon if it continues to drop. Munger's company is trading at 4% over book value and nobody cares. Well, I do. :) Maybe I'll get to be the 3rd largest shareholder of WSC after BRK and Charlie... :) Caveats: it is at 1.04 of book value, not net tangibles. It is at 1.25 of net tangibles. Furthermore, WSC investments may have dropped last and this quarter (although KO is doing fine), so book value may have dropped too.