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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Keith J who wrote (29205)12/11/2007 5:41:55 PM
From: EACarl  Respond to of 78751
 
GNSS was bought out today in a cash deal of $8.65 per share.
57% gain today.
73% gain since the recent bottom.



To: Keith J who wrote (29205)12/12/2007 8:55:46 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78751
 
Oh well, here goes my good reputation. To pan a stock two days before it is sold for 60% premium... I should be decapitated or something... :)))) :P

It does demonstrate the Marty Whitman, P/Book, P/cash invesment style perfectly though: if you buy a business cheap enough, it does not matter that the business might be dinky, there are a lot of other exit possibilities. That's what Marty stresses in his every shareholder letter. :)