Activist shareholder got a seat on the board. Investor took his initial positions at about $2 a share (Chapman). Prior to becoming a director, he suggested sale of the company. Company has $1.00 a share in cash and $200 million in tax loss carryovers. Seat on board will provide catalyst for sale of the company at cash value in the $2 a share area. Shares selling for about .78 now.

U.S. Gypsum a company Buffett bought at higher levels. May have to wait 12 months but will go up dramatically prior to the housing industries recovery.

Lehman Brothers worth significantly more than its current price. Could be a double in two years.

Steinway Piano has real estate holdings that could be worth what the stock is selling for today.

Dover Doesn't really show up on value screens but is an industrial conglomerate that trades like a cyclical. The long term chart is incredible, they periodically spin off divisions. Stock should be trading at least 30% above its current price.

Warwick Valley an upstate NY telco has been badly managed and has lost 65-75% of its value. It has a nice yield and will either turn around or be sold within a year to a year and a half. The value should be as high as $20, now selling under $11.