Earnings still grew, sales are growing ... and you know what? They haven't even begun to penetrate China yet.

I think Burger King hit bottom around two years ago and they are improving off of that bottom but to equate them to McDonald's or even think that they are going to be a force to be reckoned with ... is a mistake.

It's great that Amazon has positive cash flow, but why should I pay a premium for that. At one time Amazon had a technology advantage, but that technology is easily duplicated.

This is a work in progress and a company that's transitioning. Don't expect instant gratification here.

We are still in the early innings of a turnaround or transition at Sears. Now there is a little bit of harder work that has to be done. There are plenty of opportunities.

Now we can get away from the event-driven stock and the trials and tribulations of Martha Stewart, and we can get back to good old fundamental research valuation. Basically, the stock just isn't worth it.