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

To: NikhilJog who wrote (48704)	7/11/2012 2:43:41 PM
From: MCsweet	1 Recommendation Read Replies (2) \| Respond to of 78654

However, even the best value investors including buffett never bought just bcs something was trading at low multiples. Actually, the father of value investing Benjamin Graham did buy stocks because they were at low multiples. IMO, you should read his writings before making such comments or maybe move to a growth investing board. Buffett was a better investor than Graham, but Graham did quite well and Graham's approach is easier for mere mortals to replicate IMO. That being said, I do not believe Graham would ever advocate buying XIN. Too much uncertainty, not enough margin of safety. MC

To: NikhilJog who wrote (48704)	7/11/2012 6:20:48 PM
From: Paul Senior	Respond to of 78654

Fwiw. Reentered battery manufacturer ULBI for a few shares. Low p/stated bv, low d/e. This very thinly-traded dink stock closed today at $3.71. Some recent insider buying in $4+ area. Catalyst: none that I see. Then again perhaps I don't know exactly what a catalyst is. Can it be that that investors Price & Einhorn have identified "catalysts" for the many stocks they are buying? ( "All value investors from M Price, Klarman, Einhorn, Gabelli, so on and so forth, invest in firms with relatively low multiples in addition to catalysts. ") gurufocus.com gurufocus.com Orders for ULBI's products continue to ebb and flow. As they ebb, the earnings and stock price decline (government orders really affect such a small ($64M market cap) company. When business is good or anticipated to be good, the stock historically (as I view and bet) has done well too. I expect this to happen again, and I hope I have the fortitude/patience to hold on to the stock until that time when the business environment improves and ULBI gets its share of business. I'm guessing 18-24 months, and I might see the stock over $6 again. But who knows. finance.yahoo.com