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Actionable news in JVA: Coffee Holding Co., Inc.,

The Dirt Cheap Value Portfolio - Despair, Destruction And Doom Dominate

Summary

Bridgford Foods is the only winner, vaulting 13%.

SuperValu and Luby's each suffer 9% beatings.

Coffee Holding's third quarter results are imminent- could offer redemption.

Luby's selloff makes it, even more vulnerable as a takeover target.

I'm not going to lie, I am feeling mighty low about my positions, especially after Friday's meltdown in the overall market (caused by rising interest rates anxiety). Since my last update, the Dow has fallen about 2% from 18,571 to 18,085, although the "DCVP" was essentially flat at $31.41, versus $31.31.

The crux of the problem is skewing- if it wasn't for Bridgford's 13% gain, the DCVP would have lost 6%, crushed at three times the rate of the DJIA. The carnage was clear-both SVU and LUB gave up 9%, while JVA sustained a 6% chiseling. WPRT barely moved, logging in a two cent drop. The good news is, "despair, destruction and doom", equate to extreme bearish sentiment, which always signals a market bottom. After all,"fear and greed" are the biggest market drivers. Those who can rise above the noise and emotion of the markets, have the discipline to prosper.

Luby's (NYSE:LUB): After a 9% clubbing, this dog with fleas is quickly approaching its 52 week low. The eatery just completed its fourth quarter, but earnings are still a few months off. The selloff has...


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