What Is Obesity?
Obesity results from the excessive accumulation of fat that exceeds the body's skeletal and physical standards. According to the National Institutes of Health (NIH), an increase in 20 percent or more above your ideal body weight is the point at which excess weight becomes a health risk. Today 97 million Americans, more than one-third of the adult population, are overweight or obese. An estimated 5 to 10 million
of those are considered morbidly obese.

What Is Morbid Obesity?
Obesity becomes "morbid" when it reaches the point of significantly increasing the risk of one or more obesity-related health conditions or serious diseases (also known as co-morbidities) that result either in significant physical disability or even death. As you read about morbid obesity you may also see the term "clinically severe obesity" used. Both are descriptions of the same condition and can be used interchangeably. Morbid obesity is typically defined as being 100 lbs. or more over ideal body weight or having a Body Mass Index of 40 or higher. According to the National Institutes of Health Consensus Report, morbid obesity is a serious disease and must be treated as such. It is a chronic disease, meaning that its symptoms build slowly over an extended period of time.

The largest holding is LSL Property Services (OTC:LSLPF). There are several good articles on Seeking Alpha about LSL. According to one such rolex replica: ". LSL trades at just 10x estimated earnings for 2015. More importantly, LSL trades at less than 7x my estimate of normalized earnings - normalized earnings simply assume that the UK housing market cartier replica to its 30 year average level of transactions (we are currently sitting 20-25% below this figure). With positive operating leverage, this will drive LSL's earnings significantly higher in a market upturn. Applying a 14x multiple to rolex replica, LSL shares could trade for L6.50 or 110% greater than today's price." Another major holding is TNT Express (OTCPK:TNTEF). This is another international stock that I've written about on Seeking Alpha. TNT is the Dutch UPS/Fed Ex. Its revenues and earnings are down, but the company could be a buyout candidate. It's a major holding of several replica watches uk value funds. FPA International reminds me of Tweedy Browne (MUTF:TBGVX) and Longleaf Partners (MUTF:LLINX). When investing in a good fund, past performance is nice, but future performance is even more important. One must get inside of the manager's mind and understand their investing motives. Py is buying replica watches blue chips and waiting for a turnaround. It's concentrated, and holds high amounts of cash. This approach has worked thus far. This fund may be a great addition to your portfolio.