On December 19th, 2011 we began purchasing shares of Corning Inc. for investor accounts – these purchases were made at an average price of $12.73 per share.  Unfortunately we didn't have time to write an article explaining all of the reasons why we felt Corning represented a good value for investors, we did however mention the purchases in our February 1st, 2012 article The Prime Ministers "One Dollar" bets  when we published  our correspondence saying:

 

“haven’t always been able to publish all ideas (but always execute for friends and family) – for e.g. haven’t had time to write an article on it yet, but have also been buying GLW (mostly below 13).”

 

 

On February 12th, 2011 we published our first article on Cisco Systems entitled "How we lost investors money on Cisco". The title was intended to be a pun for the readers (we weren't selling at a loss), as we quickly pointed out in the article..."We have no intentions of selling; on Monday we'll be buying for their accounts." The stock closed at $18.70 the day before the article was published.

The following is provided as related material the article "Update: Sanderson Farms and Pilgrim's Pride one year later". It is a copy of email correspondence (with responses inserted into the text) with a friend who had asked for "actionable advice" on a stock. The date was Oct. 21st, 2010. We hope that the correspondence reveals more of the thought that went into the purchase of shares of SAFM for readers of the article above.