CNQ trades at a modest multiple of cash flow generated by conventional assets. It has a large base of non-conventional assets which is not reflected in the stock price.

BRKA trades at a discount to its NAV, even though NAV is growing at a mid single teens rate

losses on start up operations mask the strength of the core assets. Company selling at 30% discount to IV

Company acquired a large base of uranium properties while the commodity price was much lower. They may have as much as 100 million "pounds in the ground." The market price is not giving them much credit for this large asset base.

Homebuilder trading for 3/4 book value. I think bv holds up and grows over time. LEV's ownership of $100 mm of BXG stock gives them the ability to ride out any storm.

Favorable product cycle should lead to rapid growth in revs, gm and eps.

out of favor real estate company with a long history of value creation

Earnings and dividend should go up as yield curve steepens.