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	<title>The Enlightened American &#187; HRZ</title>
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	<link>http://enlightened-american.com</link>
	<description>One person's quest to make sense of a senseless American economy and society.</description>
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		<title>Watch List Stocks &#8211; 16 Possible Opportunities</title>
		<link>http://enlightened-american.com/2011/05/13/watch-list-stocks-16-possible-opportunities</link>
		<comments>http://enlightened-american.com/2011/05/13/watch-list-stocks-16-possible-opportunities#comments</comments>
		<pubDate>Sat, 14 May 2011 00:02:41 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[stock screen]]></category>
		<category><![CDATA[CAW]]></category>
		<category><![CDATA[DCO]]></category>
		<category><![CDATA[DF]]></category>
		<category><![CDATA[ES]]></category>
		<category><![CDATA[FRO]]></category>
		<category><![CDATA[FTE]]></category>
		<category><![CDATA[FTR]]></category>
		<category><![CDATA[GCA]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[IEP]]></category>
		<category><![CDATA[LB]]></category>
		<category><![CDATA[NOOF]]></category>
		<category><![CDATA[NVTL]]></category>
		<category><![CDATA[RGC]]></category>
		<category><![CDATA[TEF]]></category>
		<category><![CDATA[TSTF]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=795</guid>
		<description><![CDATA[I keep a stock watch list filled with hundreds of names which are evaluated in a broad fashion, with a strong bias toward free cash flow generation. Each stock is assessed a rough intrinsic value estimate and monitored weekly. If a stock&#8217;s price falls near my estimated intrinsic value, it shows up on my radar [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2011/05/13/watch-list-stocks-16-possible-opportunities/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Seth Klarman &amp; Marty Whitman Are Sellers But Meryl Witmer Buys in Q3 2009</title>
		<link>http://enlightened-american.com/2009/11/16/q3-2009-portfolio-moves-for-seth-klarman-marty-whitman-and-meryl-witmer</link>
		<comments>http://enlightened-american.com/2009/11/16/q3-2009-portfolio-moves-for-seth-klarman-marty-whitman-and-meryl-witmer#comments</comments>
		<pubDate>Mon, 16 Nov 2009 19:25:24 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Pro's Picks]]></category>
		<category><![CDATA[AKR]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[ENZN]]></category>
		<category><![CDATA[FAF]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[JOE]]></category>
		<category><![CDATA[KID]]></category>
		<category><![CDATA[martin whitman]]></category>
		<category><![CDATA[Meryl Witmer]]></category>
		<category><![CDATA[PDLI]]></category>
		<category><![CDATA[PLD]]></category>
		<category><![CDATA[PVX]]></category>
		<category><![CDATA[SBCF]]></category>
		<category><![CDATA[Seth Klarman]]></category>
		<category><![CDATA[SFI]]></category>
		<category><![CDATA[VRX]]></category>
		<category><![CDATA[VSAT]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=540</guid>
		<description><![CDATA[A reader asks if there is a way to monitor non-equity positions for Seth Klarman&#8217;s Baupost Group. The short answer is no, I know of no way to track non-equity holdings for any money manager unless they disclose that information voluntarily via a report or letter. As mentioned on this blog last week, Klarman doesn&#8217;t [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/11/16/q3-2009-portfolio-moves-for-seth-klarman-marty-whitman-and-meryl-witmer/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Seth Klarman, Marty Whitman &amp; David Einhorn 2009 Q2 13F Filings</title>
		<link>http://enlightened-american.com/2009/08/17/seth-klarman-marty-whitman-david-einhorn-2009-q2-13f-filings</link>
		<comments>http://enlightened-american.com/2009/08/17/seth-klarman-marty-whitman-david-einhorn-2009-q2-13f-filings#comments</comments>
		<pubDate>Mon, 17 Aug 2009 19:22:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Pro's Picks]]></category>
		<category><![CDATA[13F-HR]]></category>
		<category><![CDATA[AOI]]></category>
		<category><![CDATA[Baupost Group]]></category>
		<category><![CDATA[BBEP]]></category>
		<category><![CDATA[David Einhorn]]></category>
		<category><![CDATA[EMC]]></category>
		<category><![CDATA[GDX]]></category>
		<category><![CDATA[GLD]]></category>
		<category><![CDATA[Greenlight Capital]]></category>
		<category><![CDATA[HCC]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[LINE]]></category>
		<category><![CDATA[martin whitman]]></category>
		<category><![CDATA[PDLI]]></category>
		<category><![CDATA[PPDI]]></category>
		<category><![CDATA[PVX]]></category>
		<category><![CDATA[RDN]]></category>
		<category><![CDATA[RE]]></category>
		<category><![CDATA[Seth Klarman]]></category>
		<category><![CDATA[SPY]]></category>
		<category><![CDATA[TGT]]></category>
		<category><![CDATA[Third Avenue]]></category>
		<category><![CDATA[UFS]]></category>
		<category><![CDATA[URS]]></category>
		<category><![CDATA[WFR]]></category>
		<category><![CDATA[WY]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=393</guid>
		<description><![CDATA[With the recent market rally, 2009 Q2 13F filings hold the allure of possibly yielding some indication as to what these respected managers may think of the rally. You can view Seth Klarman and Baupost&#8217;s hedge fund portfolio changes in spreadsheet form:. As always, the caveat with Klarman&#8217;s 13F filings is that Baupost plays in [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/08/17/seth-klarman-marty-whitman-david-einhorn-2009-q2-13f-filings/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The Invaluable Follies of 2008</title>
		<link>http://enlightened-american.com/2009/01/14/the-invaluable-follies-of-2008</link>
		<comments>http://enlightened-american.com/2009/01/14/the-invaluable-follies-of-2008#comments</comments>
		<pubDate>Thu, 15 Jan 2009 03:01:08 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Investment Strategies]]></category>
		<category><![CDATA[aem]]></category>
		<category><![CDATA[Benjamin Graham]]></category>
		<category><![CDATA[charlie munger]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[dvn]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[iar]]></category>
		<category><![CDATA[NXG]]></category>
		<category><![CDATA[pds]]></category>
		<category><![CDATA[Seth Klarman]]></category>
		<category><![CDATA[tlm]]></category>
		<category><![CDATA[value investing]]></category>
		<category><![CDATA[Warren Buffett]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/?p=285</guid>
		<description><![CDATA[Painful as it was, 2008 was an invaluable learning experience. That may be a gross understatement.  The investment turbulence of 2008 may have been a formative experience &#8212; one of those events that truly molds people and perspectives for a lifetime.  That I managed to only lose -15% vs. a 39% drop in the S&#38;P [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2009/01/14/the-invaluable-follies-of-2008/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Seth Klarman Doubles Down on Horizon Lines (HRZ)</title>
		<link>http://enlightened-american.com/2008/05/09/seth-klarman-doubles-down-on-horizon-lines-hrz</link>
		<comments>http://enlightened-american.com/2008/05/09/seth-klarman-doubles-down-on-horizon-lines-hrz#comments</comments>
		<pubDate>Fri, 09 May 2008 21:28:25 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[ACMR]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[Seth Klarman]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/2008/05/09/seth-klarman-doubles-down-on-horizon-lines-hrz/</guid>
		<description><![CDATA[As of his last filing, Klarman&#8217;s Baupost Group owned 3.8M shares. Today&#8217;s filing raises his stake to 7.1M shares or 23.74% of the company. I posted my more timid assessment of the company a few weeks ago. Perhaps I need a little more courage in my convictions. Maybe I&#8217;ll have to mull over HRZ some [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/05/09/seth-klarman-doubles-down-on-horizon-lines-hrz/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Horizon Lines Battered By Several Storms</title>
		<link>http://enlightened-american.com/2008/05/05/horizon-lines-battered-by-several-storms</link>
		<comments>http://enlightened-american.com/2008/05/05/horizon-lines-battered-by-several-storms#comments</comments>
		<pubDate>Mon, 05 May 2008 18:51:21 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[HRZ]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/2008/05/05/horizon-lines-battered-by-several-storms/</guid>
		<description><![CDATA[In the span of a month, Horizon Lines (HRZ) has been marked down from $17-18 down to $10. First came news of a federal subpoena relating to pricing practices in the Puerto Rico trade. And then followed an ugly earnings report, or more accurately, the nasty guidance revision. After raising diluted EPS guidance in February, [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/05/05/horizon-lines-battered-by-several-storms/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>UPDATED: Horizon Lines Drops Precipitously (&amp; Mysteriously)</title>
		<link>http://enlightened-american.com/2008/04/17/horizon-lines-drops-precipitously-mysteriously</link>
		<comments>http://enlightened-american.com/2008/04/17/horizon-lines-drops-precipitously-mysteriously#comments</comments>
		<pubDate>Thu, 17 Apr 2008 21:21:59 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[HRZ]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/2008/04/17/horizon-lines-drops-precipitously-mysteriously/</guid>
		<description><![CDATA[Mystery solved: Horizon Lines Served With Warrants &#38; Subpoena RE: Antitrust Investigation  Details are scarce but my first instinct is that this is may not be as bad as it sounds.  Of course, my feelings mean nothing until more details about the investigation are released.  With HRZ&#8217;s heavy debt load and a large (and unbudgeted) capex program looming, it may be foolish to jump in here until a measure of the seriousness of the investigation is evident. . . An hour before today&#8217;s close, Horizon Lines [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/04/17/horizon-lines-drops-precipitously-mysteriously/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Stock Research</title>
		<link>http://enlightened-american.com/2008/03/16/stock-research</link>
		<comments>http://enlightened-american.com/2008/03/16/stock-research#comments</comments>
		<pubDate>Sun, 16 Mar 2008 18:34:04 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[acas]]></category>
		<category><![CDATA[aem]]></category>
		<category><![CDATA[AUY]]></category>
		<category><![CDATA[brnc]]></category>
		<category><![CDATA[CHCG]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[cryp]]></category>
		<category><![CDATA[cx]]></category>
		<category><![CDATA[dvn]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[itw]]></category>
		<category><![CDATA[JNJ]]></category>
		<category><![CDATA[MFN]]></category>
		<category><![CDATA[mwa]]></category>
		<category><![CDATA[mwa.b]]></category>
		<category><![CDATA[NZT]]></category>
		<category><![CDATA[PWE]]></category>
		<category><![CDATA[RJA]]></category>
		<category><![CDATA[SKM]]></category>
		<category><![CDATA[ssl]]></category>
		<category><![CDATA[tck]]></category>
		<category><![CDATA[TEF]]></category>
		<category><![CDATA[tlm]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/2008/03/16/stock-research/</guid>
		<description><![CDATA[Here is the research from the old website. Any updates can be found on the this blog and will not be reflected on these older web pages. ENLIGHTENED-AMERICAN PORTFOLIO PICKS Agnico-Eagle Mines &#8211; (AEM-US) &#8211; updated 10/28/2007 Chesapeake Energy &#8211; (CHK-US) &#8211; updated 11/18/2007 Devon Energy Research Report &#8211; (DVN-US) &#8211; updated 02/12/2008 Elements ETN [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Markets Now Approaching Fear</title>
		<link>http://enlightened-american.com/2008/01/17/markets-now-approaching-fear</link>
		<comments>http://enlightened-american.com/2008/01/17/markets-now-approaching-fear#comments</comments>
		<pubDate>Thu, 17 Jan 2008 20:45:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[stock market]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=88</guid>
		<description><![CDATA[For the last few weeks, it has been strange to see the market selling off consistently but yet the VIX gauge stay in the lower 20&#8242;s. The VIX is now inching toward 30 and things are getting a little scary out there. I&#8217;ll admit this sell-off causes me to hesitate to wade in. I was [...]]]></description>
		<wfw:commentRss>http://enlightened-american.com/2008/01/17/markets-now-approaching-fear/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Horizon Lines report posted and Festival of Stocks</title>
		<link>http://enlightened-american.com/2008/01/14/horizon-lines-report-posted-and-festival-of-stocks</link>
		<comments>http://enlightened-american.com/2008/01/14/horizon-lines-report-posted-and-festival-of-stocks#comments</comments>
		<pubDate>Mon, 14 Jan 2008 18:46:00 +0000</pubDate>
		<dc:creator>Davy</dc:creator>
				<category><![CDATA[Enlightened-American Portfolio]]></category>
		<category><![CDATA[Gurus]]></category>
		<category><![CDATA[Stock Research]]></category>
		<category><![CDATA[American Capital Strategies]]></category>
		<category><![CDATA[Horizon Lines]]></category>
		<category><![CDATA[HRZ]]></category>
		<category><![CDATA[Seth Klarman]]></category>

		<guid isPermaLink="false">http://enlightened-american.com/blog/?p=86</guid>
		<description><![CDATA[A few weeks ago, I posted about some strange action in Horizon Lines (HRZ) and a few weeks later, Seth Klarman&#8217;s Baupost Group disclosed an 11% stake in the company, which may explain the upward price movement. In any event, if the share price holds up at this level, I will be a proud shareholder [...]]]></description>
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		<slash:comments>0</slash:comments>
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