Knight's Cash Position and Book Value getting attractiveGUD has about $450 million cash/marketable securities, $500 Book value and seems to be making some extremely astute allocations of capital in this market. Jonathon Goodman seems to really know what he is doing, and seems to be running GUD on the level of a Warren Buffett or John Malone. I know Warren Buffett said that he will start buying back BRK shares when they drop below 120% Book Value. Well, GUD (at $7/share) with $525 mill. current Book Value X 120% = $675 mill. Currently, the market cap of GUD is around %650 mill so I'm thinking he stock is getting quite attractive for the long term investor IMHO.