falconof880

There was in intelligent reply at http://seekingalpha.com/article/229909/comments quoted below. Your thoughts??

interesting brief article http://www.barelkarsan.com/2010/08/ebitda-is-not-cash-flow.html

I own both LUK and FAIRX. According to Morningstar, approx 5% of FAIRX's portfolio is ACF. Yesterday, ACF's surge of ~25% means approx 1.2% to FAIRX's NAV.

I'm not so sure about the "once in a lifetime opportunity" part, but nevertheless an interesting article. http://news.morningstar.com/articlenet/SubmissionsArticle.aspx?submissionid=98223.xml

and ACF's two largest shareholders are.... LUK and FAIRX ;)

Realize these three statements acknowledge the existence of a moat. The ability to sustain higher than average market prices over several years looks like a moat to me. Think of Apple as a luxury product maker, not unlike BMW. You don't buy a BMW on pure utility value. Same with Apple products. IMHO, of course.

17 to 1500???? Can you give us a reference?