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

To: Spekulatius who wrote (62141)	6/17/2019 2:33:54 PM
From: E_K_S	Respond to of 78717

Looks like that LIFO charge represents $4.21/share in BV. BV from their financials last stated at $43.89/share. So that LIFO charge represented 10% of their stated BV. Seems like there is a large difference from stated BV and current Price so not a big deal. My plan w/ SENEA is to sell shares at/below $30.00/share. But good to know. I was interpreting the loss to the one time write down of their Modesto operations which were discontinued. Looks like something to pay attention to for all the stocks in my AG basket. EKS

To: Spekulatius who wrote (62141)	6/24/2019 5:45:42 PM
From: MCsweet	3 Recommendations Recommended By Bordeauxman Mattyice Spekulatius Read Replies (3) \| Respond to of 78717

For the past 10 years, SENEA has shown up on P/B value screens, and yet it never to seems to consistently make any money. Still might be good for range trading, but perhaps not a business to own long term. Speaking of which, are folks on this board still tracking their long-term performance? If so, how are things going? Value investing (in term of Price/Book) has underperformed the S&P 500 the last 10 years while value investing (in terms of Price/Earnings) has underperformed the last 5 years. Quant funds doing value keep getting crushed. I scaled back my pure value investing many years ago. I'm a patient, but not enough to underperform for so long. Also, with tech taking more precedence in the economy, valuations like price/book don't make as much sense anymore. They just don't capture the inherent value inherent in platforms and software. Although I still have a value bent, I've focused on some other areas of the market where I have a competitive advantage, focusing on investment vehicles where sentiment is poor and I can buy below NAV as well as exploiting trading patterns in exchange-traded debt and preferreds. MC