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Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

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From: bankbuyer	5/1/2012 9:05:39 PM
	1 Recommendation Read Replies (1) of 1876

Bad eyesight and lack of knowledge a lethal combination. " New, but with some experience Last week I took a position in NFI buying between 8.55 and 10.18 with average share cost being around $9.50. I've been fortunate/lucky enough to have invested in subprime business's the likes of PVN, MXT and ACF back in 2002 about the time NFI made it's turnaround. I may have invested in NFI back then, but I really wasn't that interested in divi paying stocks and I'm still not. Here are a few of the reasons I'm here now. 1. Over-reaction 2. Oversold 3. Corporate Restructuring 4. Historically Low Interest Rates 5. Strong Liquidity 6. Low unemployment 7. Inflation in check 8. Obvious turnaround prospects/potential Normally it's not smart to average down in average situations, but this is not an average situation. My most successful investments over the last five years have involved situations very similar to this and I must say some of the other companies appeared to be in far greater danger of failing than NFI.

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