Concerning the current debate over executive bonuses, value investor Charles Mizrahi contents, "As a shareholder, I have the choice of becoming partners with more than 7,000 businesses on the American stock exchanges."

In his Hidden Values Alert he states, "I've found two companies with managers who are aligned with shareholders. Their compensation packages put them in the same boat as shareholders, and as an owner that is exactly where you want them to be."

Here, the advisor looks at insurance firm Markel Corporation (NYSE: MKL) and business supplies retailer Staples (NYSE: SPLS).

Garmin (NASDAQ: GRMN), which makes GPS-enabled consumer devices, is a new buy recommendation from value investor Charles Mizrahi. Here's his long-term outlook from his Hidden Values Alert.

"Garmin a leading worldwide provider of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology.

"It designs, develops, manufactures and markets a diverse family of hand-held, portable and fixed-mount GPS-enabled products and other navigation, communications and information products for the automotive/mobile, outdoor/fitness, marine and general aviation markets.

In his Hidden Values Alert, value investor Charles Mizrahi discusses three rules for "thriving during a panic". This in-depth, common sense review is must reading for serious investors. (For 10 specific stock ideas that meet value investing criteria, see our other post on a Benjamin Graham-type portfolio.)

"Warren Buffett once said, 'You don't know who's swimming naked until the tide goes out.' In the past year the tide was rapidly going out, and it exposed a lot of naked swimmers.

"The impact of the credit crunch continued to find its way into other asset classes. Correlations that investors held dear, namely that price movements in one global market would behave differently than price movements in another global market, became unglued.

"The past year has seen global markets move in lockstep with each other, providing investors no safe haven.

"Investors couldn't even hang their hats on diversification among different sectors. It is during periods of panic that all markets and sectors correlate in the same direction...down. Investors both institutional and retail acted in a similar manner: they froze.

"They began to sell assets, many times without regard to the underlying value of the asset. In order to raise cash for redemptions, hedge funds sold what they could, not always what they wanted.

"When stock market participants focus on the short term, employ leverage and need to liquefy their holdings, the table is set for the value investor.

"Indeed, it is during times of panic that value investors plant the seeds of future market-beating returns. While most investors are caught like deer in headlights as great companies are offered at bargain prices, value investors act.

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"My 'home run' speculation for 2008 is The Buckle (NYSE: BKE), a retailer of medium- to better-priced casual apparel, footwear and accessories for fashion-conscious young men and women," says value investor Charles Mizrahi, editor of Hidden Values Alert.

"The company focuses on personal service, including free alterations, free gift-wrapping,easy layaways, the Buckle private-label credit card and a frequent shopper program. The Buckle operates 350 retail stores in 38 states. Most stores are located in regional, high-traffic shopping malls and lifestyle centers.

"The balance sheet is strong with $157 million in cash and current liabilities of only $56 million. Net profit margin is 11.5%, in line with previous years. The company has no long-term debt, and management and directors own 56.1% of outstanding shares.

"BKE is a good company, and a price of $32 or less per share represents very good value. If BKE can grow earnings at 11% per annum and maintain a P/E of 15, the stock will handsomely reward investors in the next five years."