I'm wondering if anyone is familiar with a
company called Lazare Kaplan (LKI). The 10Q indicates
that the company sells diamonds and has about $11 per
share book value, consisting mostly of diamonds carried
at cost. The balance sheet looks real good. They
seem to have recently reached some very favorable
deals and will maybe earn $2 per share next year. The
stock is at a low of around $7-8.