Chou Opportunity Fund Holdings Q1 2014

I've started profiling a new Fund, the Chou Opportunity fund. My first discussion of their largest holdings is below.

http://seekingalpha.com/article/2095453-chou-opportunity-fund-value-investors-2014-holdings

Oceanstone Fund Q1 2014 Update

I've updated my analysis of the Fund's holdings. It can be found here:

http://seekingalpha.com/article/2090623-oceanstone-2014-picks-update

Alberta Oil Sands CVE:AOS $0.145

I apologize for the lack of posts, my wife and I recently had our first child, so things have been a bit hectic. This will be short as I'm typing it one handed on my iPad with a baby in the other arm, but it isn't a complicated thesis.

AOS  used to be a company trying to develop an in situ oil sands deposit near the Ft. McMurray international airport. That didn't work out for a number of reasons, chiefly lack of cap rock and lack of money. However, the Government of Alberta has expropriated the leases for an expansion of the urban area, and AOS has applied for $56 million in compensation. The company has a current market capitalization of only $30 million with no debt, so this would be material, and make the company a significant net-net. 

They also have other assets in Alberta and Africa, but are not spending money on them. I assume no value for those assets, but if someone makes a discovery on adjacent land they could have upside optionality for farm out or JV.

disclosure: Long AOS

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only, and none of the information is guaranteed. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusions. Seek qualified professional advice to make an investment decision. Investing includes risks, including loss of principal. Absolutely no warranty is made for the quality or correctness of the information above, and liability for its use is expressly disclaimed.

Q1 Update on Arlington Value

Update on the new picks from the excellent folks at Arlington Value.

http://seekingalpha.com/article/2041813-arlington-value-funds-new-picks-for-2014