I bought BNI last week, and I made a  lot of money today.  :-))))

[www.activevaluetrader.com]

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Tell us your valuation. Should shareholders approve this offer?

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Looks like I'm up +25% on BNI, not +33%, and I bought it on October 23rd, not last week.  In any event, it was still awesome.

As for valuation, I will have to check and see what I calculated it to be.  I'll check it tonight when I get home and report back here.

I do know that I had to wait a long time to buy BNI, and it hit within my Margin of Safety on October 23rd.

- Vooch



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95 bucks

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I know who bought it today. I also know who will make more money off the purchase.

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Gangstarr Wrote:

> > > I know who bought it today. I also know who will > make more money off the purchase.

If vooch still owns his BRK shares, then he wins twice today. :)

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After hitting today's Home Run with BNI (+25% gain in 10 days), several people asked me what Intrinsic Value I came up with ten days ago for BNI, so I looked it up tonight, and the answer I arrived at, ten days ago, was $202.19/share.

I paid $79.085/share for BNI ten days ago. The merger is supposedly worth $100/share now, but time will tell.

It's amazing, but it looks like Mr. Buffett, in my eyes, wants to buy BNI for less than 50 cents on the dollar. Keep in mind, Intrinsic Value anticipates forthcoming periods of market euphoria, when Mr. Market reswings the pendulum in the opposite direction (ie. from a depressive-state to a manic-state).

My methodology is private right-now, but will be released to the public if/when I publish the book I've been writing since 2002. I believe I'm only a couple more years away before I'm ready to publish.

Anyways, I try to buy stocks for 40-50 cents on the dollar, just like Mr. Buffett.

To quote the master, Mr. Buffett himself:

"It's extraordinary to me the idea of buying dollar bills for 40 cents takes immediately with people or it doesn't at all. It's like an inoculation. If it doesn't grab a person right way, I find that you can talk to him for years and show him records, and it doesn't make any difference."

- Vooch

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Congratulations, Vooch.

One of my stocks was up double digits today too: USEG was up 21.68%, to $6.23. I bought it at $2.85 last year. Smaller, less widely-followed stocks = bigger potential upside.

My blog: [www.thehackensack.blogspot.com]

My company's new site, which features tools and ideas for short sellers: [shortscreen.com]

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DaveinHackensack,

Congrats on hitting a Home Run also... way to go! I haven't analyzed USEG, but I'm happy to see you making a nice profit on it today.

Best Regards,

Vooch



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Thanks, Vooch.

We should remember though that the tide rises and falls -- and we should position ourselves to make money in both cases. I have a new tool that may help us do that. I'll post about it here shortly, but first I'm going to give our friends at GuruFocus some business by buying ad space from them.

My blog: [www.thehackensack.blogspot.com]

My company's new site, which features tools and ideas for short sellers: [shortscreen.com]

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