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

To: Spekulatius who wrote (57970)	9/12/2016 7:41:14 PM
From: gizwick	Read Replies (2) \| Respond to of 78748

Is a stock that sells for 1/3 of book value a value stock? Trading sardines hardly, value is up to the individual investor I believe. Just because one person holds on to a stock for years and true value is never achieved and another sells at the right time and makes 40% does not make them a trader, it makes them good at knowing when to sell. For instance, I have shares of BFCF that I bought at .90 $ many years ago and BBX that I bought years ago as well. There now is a merger in the works where BBX is being merged at $20.00 or 5.4 shares of BFCF. I was fortunate to buy when they were undervalued and in my opinion they are still. BBX is 20% more valuable than what is being offered I believe. People are buying BBX at over the $20.00 offer price now. You have to ask yourself why? Because they believe that the offer will increase or that shares of BFCF are undervalued as well. I only sell when it becomes obvious that true value has been achieved. Did I make money on every stock I purchased? No I haven't, but I have made enough to send two kids through college and masters programs and help them by putting money down on their houses. Value is truly in the eye of the beholder.