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Strategies & Market Trends : Value Investing

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From: paulelgin8/31/2012 1:28:55 PM
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Buying a dollar for fifty cents:

I have acquired a 1.6% stake in a micro-cap company (mkt cap $1.5 million) which has $3 million in cash, $0.5 million in plant, and no debt. I don't want to name the company since it has such a small market capitalization (and trades very infrequently, listed on the Pink Sheets), but isn't this exactly the kind of investment that Buffett made his mark with early in his career? This situation reminds me very much of his early coup with Union Street Bus Company of New Bedford.

Financial information on this company is both reliable, and readily available.

Paul Elgin
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