I think a fair indication of the quality of their newsletter is...

I think a fair indication of the quality of their newsletter is to look at the performance of the listed managed fund, going under the asx code of FAT (originally FATS). This was floated about 3 years ago with a float price of $1, now about 3 years later the sp is $1.02 in that time the all ords has gone up over 50% vs a gain of 2%. It's difficult to judge them on individual stocks as they always advertise their few winners and ignore their losers but I'd say based on that performance they have massively underperformed the market. If they can't make headway in the bull market that we've had the last 3 years its scary to think how they are going to perform with a market downturn.