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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (49184)	2/12/2013 1:41:50 PM
From: paulelgin	Read Replies (2) of 78704

re: MTLQU My position in this liquidation unit of the bankrupt "old GM" has risen over 55% since I bought-in over the summer. This particular security brings to mind Seth Klarman's "Margin of Safety:" “If value is not likely to exist in what the herd is buying, where may it exist? In what they are selling, unaware of, or ignoring. When the herd is selling a security, the market price may fall well beyond reason. Ignored, obscure, or newly created securities may similarly be or become undervalued.” MTLQU was truly an ignored, obscure, AND newly created security over the summer. I hope others of you followed me into it. Regards, Paul Elgin

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