"Everything has a fair value. For the shares of Berkshire Hathaway, it's $125,000 to $130,000, not the current quote of $143,000."

"Penney and its stock will revive. The shares, which have stumbled into the mid-40s, should be in the high 50s or 60s within 12 months."

"One top investor thinks the stock should trade at 15-16 a share, or nearly 27% above its current level. That, along with the hefty dividend, would mean a total return of 35%."

"American Dairy sank 23% to 14 last week on news of an SEC investigation. The stock could keep falling amid questions about the company's auditor and its business prospects."

"One alternative to Berkshire is Loews (LTR), the conglomerate run by the Tisch family that also combines insurance and investments. Loews has had a great record in recent years and now trades at 47, 12 times projected 2007 profits and a discount to its net asset value of about $62 a share."

"It's a good long-term growth story at a value price," argues Armbruster. You don't need 20/20 vision to see that.

"Higher estimates mean that Peabody now trades at a relatively attractive multiple of 18 times 2008 earnings. Peabody shares should be in any stocking whose owner wants to hedge against '70s-style energy inflation."