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Strategies & Market Trends : Value Investing

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To: Michael Burry who started this subject3/22/2002 4:44:05 PM
From: TimbaBear  Read Replies (3) of 78751
 
Hi Folks:

I own REF and this news item appeared today: biz.yahoo.com

I had a NetNet valuation of 4.22/share when I did my analysis through 9 months a while back and it was a little higher than that for fiscal 2000.

My question for those who've experienced this type of situation is: "What is a good strategy from here?" If one were to get another 10% in price from here (current price is around $3.00), would just cashing in their chips be considered most prudent or would being patient and waiting for closer to NetNet be a goal likely to be achieved?

Haven't run across this personally before and enjoy the different perspectives and clear thinking that is expressed here. Hope you take the time to respond!

Timba
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