A Few Interesting Ideas:
As stated before, value is rare these days- at least by my standards. Below is a list of companies that seem potentially compelling and would be a good place for readers to start researching:
Delta Financial (DFC)- report coming soon(see below)
SFK Pulp Fund (SFK-un.to) - high yield, very low cost operator, limited downside, potential for huge gains from normalization in eastern Canadian fiber costs.
TRX, Inc. (TRXI)- speculative, commands a giant share in travel processing software and has a recurring revenue structure.
Cryptologic (CRYP)- check Value Invesor's Club for investment thesis.
Mills Corp (MLS) - large position by Seth Klarman, havent begun research.
Freddie Mac (FRE)- large position by Pzena, haven't begun research.
Of the above, i hold positions in DFC, SFK, and TRXI. Im currently working on a detailed writeup on Delta Financial to post, although it is taking me longer than expected to get in contact with the management. However, look for this report shortly.