- Weight Watchers (ticker WTW) - 1.5 billion people obese worldwide. 23lbs per person overweight. 10x p/e. historical low. average is 20x. free cash abundant. $147b obesity costs per year. "tremendous opportunity"
- Navigant Consulting (ticker NCI) - specialty consulting company specializing in CDO implosions, hedge funds, < 13x p/e
- Tidewater (ticker TDW) - trading at book
- Exxon - (ticker XOM, XTO) - cheaper way to buy is using XTO. 3% arb
