TSXV:HRE.H - Post by User
Comment by
edka1on Mar 01, 2013 12:58pm
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Post# 21063056
RE: RE: RE: RE: RE: 35 cents....
RE: RE: RE: RE: RE: 35 cents.... Buffet NEVER invested in companies that had NO REVENUE HISTORY and he would buy companies that have intrinsic value (read liquidation) value of less than their current market cap. What do you think is Stans liquidation value? I am not saying that Stans will fail but it is not even close to fit Buffet's bill of a value investment. It is what he and his teacher Graham called speculative play as you rely on future revenue that is not a 100% sure deal not even mentioning what the earnings are going to look like.
and just for the reference Graham called stock market a voting machine in the short term and weighting machine in the long run. so what you see here is an emotional roller coaster of people investing hoping for a quick price appreciation and then failing miserably and thus inflicting more pain for us - speculators hoping that one day Stans will become a value play.