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These are notes from the Day 1 sessions at the 3rd Annual Value Investing Congress West, being held May 6-7, written by Jonathan M. Heller.

The 3rd annual Value Investing Congress West kicked off Tuesday with an introduction from co-founder John L. Schwartz, MD. Each presenter discussed their investment philosophy, addressed current market issues, and then highlighted specific investment ideas.<!--more-->

As I like to do, I was looking through the list of top % gainers on the NYSE to see if I could get either a new name to discuss, or an old name that had not been discussed for at least a year. (I generally don't like to 'revisit' stocks unless a good 12 months has passed.)

Near the top of the list (follo