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	<title>Value Investing Congress Blog</title>
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		<title>Buying Wendy’s on the Cheap by Jonathan Heller, CFA</title>
		<description><![CDATA[Buying Wendy’s on the Cheap
When Triarc announced its takeover bid for Wendy’s in April, the stock deal was worth $2.4 billion, or $26.78 per Wendy’s share.  That same deal, which calls for Wendy’s shareholders to receive 4.25 Triarc shares for each Wendy’s share, is now worth just over $2 billion, as both Wendy’s ($23) and [...]]]></description>
		<link>http://blog.valueinvestingcongress.com/2008/08/08/buying-wendy%e2%80%99s-on-the-cheap-by-jonathan-heller-cfa/</link>
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		<title>Is Gannett a Value Trap? by Jonathan Heller</title>
		<description><![CDATA[

         st1\:*{behavior:url(#ieooui) } 
Is Gannett a Value Trap?
Publicly traded newspaper companies have been taking it on the chin due to falling ad revenue, declining circulation, and belief by some that the internet will ultimately do to newspapers what the automobile did to the buggy whip.
Gannett shares currently [...]]]></description>
		<link>http://blog.valueinvestingcongress.com/2008/07/24/is-gannett-a-value-trap-by-jonathan-heller/</link>
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		<title>Hello Ruby Tuesday by Jonathan Heller</title>
		<description><![CDATA[Hello Ruby Tuesday (RT, $7.25) 
Shares of this casual dining chain have been pummeled recently, along with many others in the sector.  Down 30% year to date, and 72% from this time last year, its’ a reflection of the economy and overall market conditions as well as the company’s lackluster operating performance.  Ruby Tuesday was also [...]]]></description>
		<link>http://blog.valueinvestingcongress.com/2008/07/23/hello-ruby-tuesday-by-jonathan-a-heller/</link>
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		<title>O&#8217;Reilly Automotive ( ORLY ) by Christopher Lozano</title>
		<description><![CDATA[A company I have followed on and off is O&#8217;Reilly Automotive ( ORLY )—the (previously) regional auto parts retailer.  Given the struggles retailers of all kinds are having, and expected to continue having in the short- to mid-term, Mr. Market has trimmed almost 25% off O&#8217;Reilly&#8217;s market price since the beginning of the year.
Why am [...]]]></description>
		<link>http://blog.valueinvestingcongress.com/2008/06/25/oreilly-automotive-orly-by-christopher-lozano/</link>
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		<title>Photochannel Networks (PNWIF) by Jonathan M. Heller, CFA</title>
		<description><![CDATA[Photochannel Networks (PNWIF)
One of the interesting microcap ideas presented at the Value Investing Congress West in May was Canada-based Photochannel Networks, whose business is providing online digital photography solutions for retailers.  If you’ve ever electronically sent photos to a retail store for pick up, you may have used Photochannel technology.
Aaron Edelheit, of Sabre Value Management, [...]]]></description>
		<link>http://blog.valueinvestingcongress.com/2008/06/22/photochannel-networks-pnwif-by-jonathan-m-heller-cfa/</link>
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