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	<title>Greenbackd &#187; Barnwell Industries (AMEX:BRN)</title>
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		<title>Greenbackd &#187; Barnwell Industries (AMEX:BRN)</title>
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		<title>Greenbackd Portfolio Q1 performance and update</title>
		<link>http://greenbackd.com/2009/03/02/greenbackd-portfolio-q1-performance-and-update/</link>
		<comments>http://greenbackd.com/2009/03/02/greenbackd-portfolio-q1-performance-and-update/#comments</comments>
		<pubDate>Mon, 02 Mar 2009 05:00:57 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
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		<category><![CDATA[Barnwell Industries (AMEX:BRN)]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1158</guid>
		<description><![CDATA[March 1, 2009 marked the end of Greenbackd&#8217;s first quarter, so we thought we&#8217;d take the opportunity to update you on the performance of the Greenbackd Portfolio and the positions in the portfolio, discuss some changes in our valuation methodology since our first post and outline the future direction of Greenbackd.com. First quarter performance of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1158&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/03/02/greenbackd-portfolio-q1-performance-and-update/feed/</wfw:commentRss>
		<slash:comments>10</slash:comments>
	
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		<item>
		<title>Welcome back for 2009 and update on Greenbackd Portfolio holdings</title>
		<link>http://greenbackd.com/2009/01/05/welcome-back-for-2009-and-update-on-greenbackd-portfolio-holdings/</link>
		<comments>http://greenbackd.com/2009/01/05/welcome-back-for-2009-and-update-on-greenbackd-portfolio-holdings/#comments</comments>
		<pubDate>Mon, 05 Jan 2009 05:40:41 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Autobytel (NASDAQ:ABTL)]]></category>
		<category><![CDATA[Avigen (NASDAQ:AVGN)]]></category>
		<category><![CDATA[Barnwell Industries (AMEX:BRN)]]></category>
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		<category><![CDATA[Barnwell Industries Inc (AMEX:BRN)]]></category>
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		<category><![CDATA[Chromcraft Revington Inc (AMEX:CRC)]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=512</guid>
		<description><![CDATA[Welcome back to Greenbackd and happy new year for 2009. We hope that you had a good break. There have been a number of positive developments in the companies we discussed last year. Set out below is an update on those positions we had open in the Greenbackd Portfolio at the close of 2008: Trilogy [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=512&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Barnwell Industries Inc (AMEX:BRN) September 10Q Update</title>
		<link>http://greenbackd.com/2009/01/05/barnwell-industries-inc-amexbrn-september-10q-update/</link>
		<comments>http://greenbackd.com/2009/01/05/barnwell-industries-inc-amexbrn-september-10q-update/#comments</comments>
		<pubDate>Mon, 05 Jan 2009 05:12:52 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Barnwell Industries (AMEX:BRN)]]></category>
		<category><![CDATA[Eric Jackson]]></category>
		<category><![CDATA[Ironfire Capital]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Barnwell Industries Inc (AMEX:BRN)]]></category>
		<category><![CDATA[Dr. Eric Jackson]]></category>
		<category><![CDATA[Liquidating Value]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=479</guid>
		<description><![CDATA[Barnwell Industries, Inc. (AMEX:BRN) has filed its September 10Q and the results are encouraging. Even though the stock is up more than 40% since our first post, we believe that BRN is still undervalued and so we are maintaining our position. We started following BRN because its liquidation value of $55M (around $6.52 per share) [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=479&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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			<media:title type="html">brn-summary-q3</media:title>
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		<title>Barnwell Industries, Inc. (AMEX:BRN)</title>
		<link>http://greenbackd.com/2008/12/01/barnwell-industries-inc-amexbrn/</link>
		<comments>http://greenbackd.com/2008/12/01/barnwell-industries-inc-amexbrn/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 14:36:17 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Barnwell Industries (AMEX:BRN)]]></category>
		<category><![CDATA[Eric Jackson]]></category>
		<category><![CDATA[Ironfire Capital]]></category>
		<category><![CDATA[Net Net Stocks]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://greenbackd.wordpress.com/?p=123</guid>
		<description><![CDATA[Barnwell Industries, Inc. (AMEX:BRN) is exactly the kind of opportunity Greenbackd likes to find: a company trading at a discount to its liquidating value with an activist investor agitating for change. We estimate the company has a value in liquidation of around $55M, so its market cap of $29M (based on its November 28, 2008 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=123&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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