In this episode, Dan Ferris sits down with David Nierenberg and Damon Benedict to give listeners a detailed analysis on the stock they just recommended to those attending last week’s Value Investing Congress. It’s a name you know, but one you most likely have never considered as an equity investment. Plus, they talk about Dan’s visit to Berkshire Hathaway’s Annual Shareholders Meeting, Herbalife, solar company handouts, food stamp recruiters (we’re not kidding), and Obama’s usual double-talk. Dan also discusses royalty trusts and addresses the question of whether our recommendations have an influence on stock prices. Interviewed by Dan Ferris / S & A Radio
Damon Benedict, is a senior analyst, at D3 Family Funds. After working as
a securities analyst for Fidelity Investments for three years. Damon is a 2006
graduate of Yale College. He monitors portfolio companies for D3 and
evaluates prospective investment opportunities. Damon is a CFA charterholder.
Dan Ferris writes Extreme Value, a monthly investment advisory that focuses
primarily on great businesses trading at steep discounts. Dan's strategy of safe
and cheap stocks has earned him one of the most impressive track records in
the industry. Dan also writes The 12% Letter, a high-yield newsletter that
promises big returns.