AXL Book Value/Bullish ChartsaS spring cardium drill announcements APPROACH...axl charts continue to look Very Bullish indeed!
Fyi…for those still trying to ‘discover’ the ‘secret to success’ in the mkts J …here’s a couple interesting pieces from this morning G+M and FP. And as you read...keep in mind AXL BOOK VALUE is a whopping $2.21...then factor in ...pending drill/cardium results/catalyst...signif insider buying....bullish charts, etc...then pat yourself on the back for buying this play and forgot about it till it hits your price target...or it get's taken out...which is increasingly looking like a very strong possibiltyindeed!
Fyi...From G+M:
“Book Excerpt on recently deceased investing guru Peter Cundhill on his ‘eureka’ moment when he discovered the ‘big secret’…..which turns out, like most things…such as getting fit, weight loss, etc. ….no big secret after all. Buy good/value companies…grow a set of cajones… tune out the hype/mkt noise …and ride it till the mkt heard figures out what you’ve known all along …it ain’t brain surgery folksJ
Investing insights from a legend
Published Monday, Feb. 14, 2011 4:53PM EST
Last updated Tuesday, Feb. 15, 2011 6:17AM EST”
“….By chance he happened to be clutching a copy of Super Money by George Goodman; the book had been pressed into his hand by a colleague just as he was leaving the agf Management office in down- town Toronto and, as he settled into the flight, he began rather idly to leaf through it. Within minutes his attention was riveted and he could barely contain his excitement. That night he wrote in his journal:
Goodman devotes chapter 3 to Benjamin Graham and Warren Buffett and “the margin of safety.” It struck me like a thunderbolt – there before me in plain terms was the method, the solid theoretical back-up to selecting investments based on the principle of realizable underlying value. My years of apprenticeship are over: “this is what i want to do for the rest of my life!”
Peter refers to this as his moment of “epiphany” and so in many ways it has turned out to be.
What was revelatory in this chapter was surprisingly simple. A share is cheap not because it has a low price earnings multiple, a juicy dividend yield, or a very high growth rate, all of which may often be desirable, but because analysis of the balance sheet reveals that its stock market price is below its liquidation value: its intrinsic worth as a business. This above all is what constitutes “the margin of safety”…”
Full G+M article”
https://www.theglobeandmail.com/report-on-business/rob-magazine/investing-insights-from-a-bay-street-legend/article1906795/
Very good FP article:
https://business.financialpost.com/2011/02/11/did-i-miss-the-rally/
Happy investing folks …and GLTA longs!