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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (56234)	12/31/2015 8:33:27 AM
From: MCsweet	Read Replies (1) of 78748

MIL MIL is down like 20% since I mentioned it. Genius! I have significantly increased my position because MIL is selling below asset value even if you write down oil and iron ore assets to 0, and I figure there is a ton of tax loss selling. Still not taking a huge position, because it is a speculative one. What I don't like is that they throw some of their debt in their discontinued assets so their "worst case" book value is overstated IMO. That being said, they just announced the acquisition of the European bank might go through, so that and the end of tax loss selling might lead to a nice rebound. We'll see. MC

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