Festival of Stocks #182

Welcome to the March 1, 2010 edition of the Festival of Stocks. The Festival of Stocks is a blog carnival dedicated to highlighting bloggers best posts on stock market related topics. Fat Pitch Financials is the actual birth place of this online weekly event, so it is always a special occasion when I get the chance to host this roving event.

If you aren’t already familiar with my blog, Fat Pitch Financials, it is a value investing blog with a focus on wide moat companies selling at substantial discounts and Graham style workouts. I encourage you to subscribe for free to my blog feed to keep up with my latest postings.

You should also check my Fat Pitch Financials Contributor’s Corner while you are here. It is my premium members only community dedicated to unique arbitrage and special situation opportunities.

Now that you are familiar with Fat Pitch Financials, let’s take a look at this week’s Festival of Stock participants. In addition to the normal submission to this week’s Festival of Stocks, I’m also going to highlight the top stories this week at Value Investing News. So without further delay, here are this week’s articles for the Festival of Stocks: 

Top Value Investing News

  1. Operating like Berkshire Hathaway: Alleghany Corporation (vote)
    via stockmanmarc.blogspot.com
    Alleghany’s principal business is insurance, however with the access to this float (or cash) they reinvest the money in other businesses, much like Berkshire does.
  2. Three Red Flags to Look for in Magic Formula Stocks (vote)
    via www.magicdiligence.com
    When analyzing stocks in Joel Greenblatt’s Magic Formula Investing screen, here are the three most common red flags to watch out for.
  3. Berkshire Hathaway 2009 Annual Report (vote)
    via www.berkshirehathaway.com
    The 2009 Berkshire Hathaway annual report is now available.
  4. Sears Holdings Chairman Letter to Shareholders (vote)
    via www.sec.gov
    Edward Lampert, Chairman of Sears Holdings Corporation, has released his annual letter to shareholders.
  5. Stock Analysis: The Coca-Cola Company (KO) (vote)
    via www.thediv-net.com
    The Coca-Cola Company is the world’s largest soft drink company. It engages in the manufacture, distribution, and marketing of nonalcoholic beverage concentrates, fruit juices and syrups worldwide. linked here is a detailed analysis and commentary.
  6. Highlights from Warren Buffett’s Letter to Shareholders (vote)
    via www.rationalwalk.com
    Ravi Nagarajan’s take on Warren Buffett’s latest letter to shareholders.
  7. 2009 Berkshire Hathaway Shareholder Letter Quotes (vote)
    via www.magicformulapro.com
    Shortly after writing the brief memo about the 2009 Berkshire Hathaway Shareholder Letter was released today, I sat down with a cup of coffee and started reading it as free time is limited today. Anyway, I usually read the letter a couple of times to fully grasp it. The following are some quotes that stood out.
  8. Warren Buffett’s 2009 Letter to Berkshire Shareholders (vote)
    via www.berkshirehathaway.com
    Warren Buffett released his annual letter to Berkshire Hathaway shareholders.
  9. Magic Formula Weekly Roundup 2/27 (vote)
    via www.magicdiligence.com
    Weekly roundup of stocks moving in and out of the Magic Formula Investing screen.
  10. Total Systems Services – The Sweet Smell of Plastic (vote)
    via waxink.blogspot.com
    We came across this company quite by accident several days ago at a blog site. Normally we would pass on companies in the financial industry since we simply don’t trust their management, believing them for the most part to be liars, cheats, and thieves.

Festival of Stocks Submissions

Dividends4Life presents RLI Corp. (RLI) Dividend Stock Analysis posted at Dividends Value, saying, “RLI Corp, based in Peoria, IL, provides selected property, casualty and surety insurance. Linked here is a detailed analysis and commentary.”

Four Pillars presents Use Your Cell Phone Apps To Manage Your Money posted at Quest For Four Pillars, saying, “Some cell phone apps to help track your finances”

Jeff Rose presents Investing for Volatility posted at Jeff Rose.

Tom @ Canadian Finance Blog presents Would You Invest In The O’Leary Funds? posted at The Canadian Finance Blog, saying, “Whether you’ve seen him on the CBC’s Dragons’ Den and The Lang & O’Leary Exchange, or ABC’s Shark Tank, chances are, you have seen Kevin O’Leary on the tube. One thing is for certain – this guy is one busy man.”

That concludes this edition of the Festival of Stocks. Be sure an leave comments as you visit each of the blogs that participated in this week’s Festival of Stocks. They’ll appreciate knowing folks are reading their articles.

I’m looking for hosts for the rest of 2010. If you are interested in volunteering to host a future edition of the Festival of Stocks, just contact me right away with the name of your site, blog URL, email address, and the date your prefer to host. Submit your blog article to the next edition of Festival of Stocks using our carnival submission form. Past posts and future hosts can be found on our Festival of Stocks index page for those of you interested in reviewing the archives.

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