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Wally Weitz on Investing Today

December 04, 2012 | About:

Wally Weitz has been playing the value game for a couple of decades; here is what he is saying today:

- He thinks companies are reasonably valued today, not cheap,

- He is sitting on cash balances of 25% to 30%,

- He is hoping the investing public has a bit of panic and drives down prices 10% or more.

- His ideal company is one that generates more cash than the business needs and has a management team that will deploy that cash intelligently.

- Examples of such companies that Weitz provides are Wells Fargo (NYSE:WFC), Valeant Pharm (NYSE:VRX) and Texas Instruments (NASDAQ:TXN).

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