If McDonalds (NYSE:$MCD) were a tech company, it wouldn’t be Apple (Nasdaq:$AAPL) or Google (Nasdaq:$GOOG).  It would distinctly be Microsoft (Nasdaq:$MSFT). Yes, I realize that I’m talking about the world’s largest chain of burger joints, and it might seem odd to mention it in the same breath as America’s top tech titans.  But hear me...Read More

I originally penned this articled in December 2011.  Given Sears’ stock action in the year that has passed, it’s worth another read. A well-respected value investor buys an old American company in decline, promising to restore its fortunes.  Alas, the recovery never comes.  The economics of the industry have changed, and the company cannot compete...Read More