If a company has a pattern of reporting the same extraordinary item year after year, it might not be too extraordinary. The annual composite dispersion presented is an asset-weighted standard deviation calculated for the accounts in the composite for the entire year. Overpaying for a stock is one of the main risks for value investors. The income statement tells you how much revenue is being generated, the company’s expenses, and profits. Furthermore, many investors like the margin of safety provided by a stock that’s purchased for less than what it’s inherently worth. Roumell was selected to participate in, and won, two consecutive Wall Street Journal stock picking contests in and