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

To: MCsweet who wrote (53825)	4/28/2014 10:16:54 PM
From: Jurgis Bekepuris	Respond to of 78627

Still not following ASFI. Good luck. :)

To: MCsweet who wrote (53825)	4/29/2014 2:03:17 AM
From: Shane M	Read Replies (1) \| Respond to of 78627

McSweet, Your post on ASFI gave me scary flashbacks. It's one of the bigger losers I've had in my investing life - and I think it was a big loss in a Roth account - double whammy for tax reasons. It's one of the stocks that caused me to make a rule to stay out of financial companies. :-) You know how some stocks just leave you jaded and you can't look at them objectively again? ASFI is one of those type for me.

To: MCsweet who wrote (53825)	5/1/2014 11:25:48 PM
From: Spekulatius	1 Recommendation Recommended By MCsweet Read Replies (1) \| Respond to of 78627

I still own ASFI and agree with your assessment. This was a favorite of many value blogs 2-3 years ago and most (Wexboy etc) have given up on the stock now. Well, i got in late, so, I will stay a little longer. If I get the impression, that management destroys shareholder value, I will get out. I think most value investors expected that management puts the cash that is coming in to some use, and so far that has not happened yet. It would be a nice catalyst but I don't really expect anything in the near term, but I would love to be surprised.