RE: RE: RE: Management Buy-in ChecklistIgsman, you were focusing on insiders before and now you are concentrating on two other metrics - NAV and current Share Price (SP).
Current SP reflects the whims and fashions of those people who are then on the margins of the stock, those wanting to sell or those wanting to buy. For most shareholders they feel the value to be greater than that offered by the market. So they sit on their stock. It is this flaky peripheral action that makes day to day trading interesting. Some people believe in rational or efficient markets and that the share price from time to time properly values the stock at that time with the information then available. I think that to be bunkum. SP only vaguely reflects underlying asset values and prospects for a stock and then only in the longer term. Day to day, it is a crap shoot.
If people truly believed in efficient markets they would only rationally trade when they have information that the market does not. For us punters that is almost never the case. Indeed the day you bought AXL you were of the opinion that the market had undervalued it (i.e., not efficient) and that it would go up in price once the market came to appreciate what an underappreciated jewel it was. That is why I bot.
Next NAV has very little to do with actual enterprise value. It is accounting for acquisition costs for assets, not the likely market value of those assets. Many a terrible company has gone bankrupt with wonderful NAV.
So I alike the underlying business and I think, one day, others will like it a lot and bid up the SP. If they like it more than I do at that time, I might sell.
Final note, with Anderson buying stock it likely means that there is no current inside information indicating a likely takeover or big deal. That is the downside of his buying. All the best.