(This is my annual note to friends and fellow investors who follow my picks. I have made a number of them over time, and most will not be discussed here. If there are others that I picked that you want me to talk about, just leave a comment and I will get to them as I have time. The more significant ones are included here, and are also available at my blog on Morningstar.com to subscribers there. – BMR)
As a good Value Vulture, I set upon a course through 2008 to now to buy distressed companies and companies that were profitable but having their stocks hammered unjustly by the greater circumstances of the market.
They had to have incredible cash flow, lower debt, a 17% discount to fair market value and dream of all impossible dreams, a 3% or better dividend return.
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