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	<title>Greenbackd</title>
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	<description>Identifying undervalued asset situations with a catalyst</description>
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		<item>
		<title>Guest post update: Sham Gad on Paragon Technologies (OTCBB: PGNT)</title>
		<link>http://greenbackd.com/2010/09/07/guest-post-update-sham-gad-on-paragon-technologies-otcbb-pgnt/</link>
		<comments>http://greenbackd.com/2010/09/07/guest-post-update-sham-gad-on-paragon-technologies-otcbb-pgnt/#comments</comments>
		<pubDate>Tue, 07 Sep 2010 04:00:37 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Paragon Technologies (OTCBB: PGNT)]]></category>
		<category><![CDATA[Sham Gad]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4687</guid>
		<description><![CDATA[Sham Gad has provided an update on his earlier guest post on Paragon Technologies (OTCBB: PGNT), which Daniel Rudewicz of Furlong Samex also covered in January. Sham is the managing partner of Gad Capital Management, a value-focused investment firm modeled after the Buffett Partnerships based in Athens, Georgia. Gad is also the author of the recently released,  ”The Business of Value Investing: [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4687&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/09/07/guest-post-update-sham-gad-on-paragon-technologies-otcbb-pgnt/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<title>Quick Idea: Cal Dive International Inc. (NYSE:DVR)</title>
		<link>http://greenbackd.com/2010/09/03/quick-idea-cal-dive-international-inc-nysedvr/</link>
		<comments>http://greenbackd.com/2010/09/03/quick-idea-cal-dive-international-inc-nysedvr/#comments</comments>
		<pubDate>Fri, 03 Sep 2010 04:00:40 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Cal Dive International Inc. (NYSE:DVR)]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4650</guid>
		<description><![CDATA[Cal Dive International Inc. (NYSE:DVR) is an interesting play on the offshore oil and gas service industry. It was trading through a cyclical and seasonal low before the Macondo well blowout. The blowout has had a significant impact on the offshore oil and natural gas industry, and saw DVR suffer one of its worst quarters in several [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4650&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/09/03/quick-idea-cal-dive-international-inc-nysedvr/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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	</item>
		<item>
		<title>Alternative metrics to the Shiller PE10</title>
		<link>http://greenbackd.com/2010/09/02/alternative-metrics-to-the-shiller-pe10/</link>
		<comments>http://greenbackd.com/2010/09/02/alternative-metrics-to-the-shiller-pe10/#comments</comments>
		<pubDate>Thu, 02 Sep 2010 04:00:13 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Shiller PE10]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4669</guid>
		<description><![CDATA[My post on the Shiller PE10 ratio calculated using Shadowstats’ alternate to the BLS CPI generated some great discussion about the various flaws in the market-level PE and PE10 &#8211; using BLS CPI or Shadowstats&#8217; CPI &#8211; ratios. Brett Arends&#8217;s WSJ.com ROI blog has a timely post Why Stocks Still Aren&#8217;t Cheap examining other measures of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4669&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/09/02/alternative-metrics-to-the-shiller-pe10/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<title>Bull market in phrase &#8220;turning Japanese&#8221;</title>
		<link>http://greenbackd.com/2010/09/01/bull-market-in-phrase-turning-japanese/</link>
		<comments>http://greenbackd.com/2010/09/01/bull-market-in-phrase-turning-japanese/#comments</comments>
		<pubDate>Wed, 01 Sep 2010 04:18:04 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Doggerel]]></category>
		<category><![CDATA[Japan]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4660</guid>
		<description><![CDATA[When The Vapors recorded Turning Japanese in 1980, I wonder if they had any inkling that 30 years later the chorus would be co-opted by every macro pundit with a blog in the western world to explain the future of the US economy. It&#8217;s everywhere, to wit: The Guardian says, &#8220;We&#8217;re all turning Japanese.&#8220; PIMCO asks, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4660&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/09/01/bull-market-in-phrase-turning-japanese/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
		</media:content>

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	</item>
		<item>
		<title>McDonald&#8217;s Corporation (NYSE:MCD) field trip report from 1965</title>
		<link>http://greenbackd.com/2010/08/31/mcdonalds-corporation-nysemcd-field-trip-report-from-1965/</link>
		<comments>http://greenbackd.com/2010/08/31/mcdonalds-corporation-nysemcd-field-trip-report-from-1965/#comments</comments>
		<pubDate>Tue, 31 Aug 2010 04:00:44 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[McDonald's Corporation (NYSE:MCD)]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4643</guid>
		<description><![CDATA[Michael Bigger&#8217;s Bigger Capital blog has a great &#8220;field trip&#8221; report on McDonald&#8217;s Corporation (NYSE:MCD) from 1965. You could have picked up MCD then for a split-adjusted $0.06 per share, giving you a twelve-hundredfold return to date. Says Michael: A good friend of mine, a talented research analyst, covered McDonald&#8217;s (MCD) in the sixties. One [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4643&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/08/31/mcdonalds-corporation-nysemcd-field-trip-report-from-1965/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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		<item>
		<title>Past performance is no guarantee of future results? Indicators of hedge fund performance persistence</title>
		<link>http://greenbackd.com/2010/08/30/past-performance-is-no-guarantee-of-future-results-indicators-of-hedge-fund-performance-persistence/</link>
		<comments>http://greenbackd.com/2010/08/30/past-performance-is-no-guarantee-of-future-results-indicators-of-hedge-fund-performance-persistence/#comments</comments>
		<pubDate>Mon, 30 Aug 2010 04:00:36 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Hedge funds]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4608</guid>
		<description><![CDATA[The CXO Advisory Group blog has a great post about the indicators of persistence in hedge fund performance. CXO examines a July 2010 paper, “Hedge Fund Characteristics and Performance Persistence”, by Manuel Ammann, Otto Huber and Markus Schmid, in which the authors investigate hedge fund performance persistence over periods of six to 36 months based on portfolios [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4608&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/08/30/past-performance-is-no-guarantee-of-future-results-indicators-of-hedge-fund-performance-persistence/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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		<item>
		<title>Graham / Shiller PE10 calculated using Shadowstats&#8217; CPI</title>
		<link>http://greenbackd.com/2010/08/27/graham-shiller-pe10-calculated-using-shadowstats-cpi/</link>
		<comments>http://greenbackd.com/2010/08/27/graham-shiller-pe10-calculated-using-shadowstats-cpi/#comments</comments>
		<pubDate>Fri, 27 Aug 2010 04:00:34 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[CAPE]]></category>
		<category><![CDATA[Shiller PE10]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4614</guid>
		<description><![CDATA[Saturna Capital has an interesting take on the calculation of the Graham / Shiller PE10, otherwise known as the Cyclically Adjusted Price Earnings ratio (CAPE). Saturna argues that The Market May Be Cheaper Than It Looks because the Consumer Price Index (CPI) provided by the Bureau of Labor Statistics (BLS) understates the true rate of inflation, a key [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4614&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/08/27/graham-shiller-pe10-calculated-using-shadowstats-cpi/feed/</wfw:commentRss>
		<slash:comments>13</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
		</media:content>

		<media:content url="http://www.saturna.com/navigator/charts.noindex/20100802-annconsumerinfl-big.gif" medium="image">
			<media:title type="html">Annual Consumer Inflation - CPI vs SGS Alternate</media:title>
		</media:content>

		<media:content url="http://www.saturna.com/navigator/charts.noindex/20100802-spcomposite-big.gif" medium="image">
			<media:title type="html">S&#38;P Composite: 1871-Present</media:title>
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		<item>
		<title>Vitaliy Katsenelson on Medtronic Inc. (NYSE:MDT)</title>
		<link>http://greenbackd.com/2010/08/26/vitaliy-katsenelson-on-medtronic-inc-nysemdt/</link>
		<comments>http://greenbackd.com/2010/08/26/vitaliy-katsenelson-on-medtronic-inc-nysemdt/#comments</comments>
		<pubDate>Thu, 26 Aug 2010 04:00:05 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Medtronic Inc. (NYSE:MDT)]]></category>
		<category><![CDATA[Vitaliy Katsenelson]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4627</guid>
		<description><![CDATA[Vitaliy Katsenelson&#8217;s Contrarian Edge has a great post on Medtronic Inc. (NYSE:MDT) (Barron&#8217;s is wrong on Medtronic). Katsenelson&#8217;s post is a rebuttal to a Barron&#8217;s article, Should Medtronic Investors Lose Heart?, in which the author argues that MDT is a sick man. His post is a superb line-by-line refutation of Barron&#8217;s thesis: “The stock looks [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4627&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/08/26/vitaliy-katsenelson-on-medtronic-inc-nysemdt/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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		<item>
		<title>Darwin&#8217;s darlings in practice: Accretive uses &#8220;Take Private&#8221; tactic</title>
		<link>http://greenbackd.com/2010/08/25/darwins-darlings-in-practice-accretive-uses-take-private-tactic/</link>
		<comments>http://greenbackd.com/2010/08/25/darwins-darlings-in-practice-accretive-uses-take-private-tactic/#comments</comments>
		<pubDate>Wed, 25 Aug 2010 04:00:53 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Value Investment]]></category>
		<category><![CDATA[Darwin's darlings]]></category>
		<category><![CDATA[Endangered species update]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4618</guid>
		<description><![CDATA[One of my favorite strategies is the Endangered Species / Darwin&#8217;s Darlings strategy I discussed in some detail earlier this year (see Hunting endangered species and Endangered Species 2001). The strategy is based on a Spring 1999 Piper Jaffray research report called Wall Street’s Endangered Species by Daniel J. Donoghue, Michael R. Murphy and Mark Buckley, then at Piper Jaffray and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4618&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/08/25/darwins-darlings-in-practice-accretive-uses-take-private-tactic/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">greenbackd</media:title>
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		<title>Last chance for $1,700 discount to 6th Annual Value Investing Congress New York October 12 and 13</title>
		<link>http://greenbackd.com/2010/08/24/last-chance-for-1700-discount-to-6th-annual-value-investing-congress-new-york-october-12-and-13/</link>
		<comments>http://greenbackd.com/2010/08/24/last-chance-for-1700-discount-to-6th-annual-value-investing-congress-new-york-october-12-and-13/#comments</comments>
		<pubDate>Tue, 24 Aug 2010 23:33:26 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=4616</guid>
		<description><![CDATA[This is your last chance to grab substantial savings for the Value Investing Congress. The event takes place on October 12th &#38; 13th in New York City. Greenbackd readers can save $1,700 with discount code N10GB6. Register in the next six days before the price increases by $400. Get your ticket now. The Value Investing [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=4616&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2010/08/24/last-chance-for-1700-discount-to-6th-annual-value-investing-congress-new-york-october-12-and-13/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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