RE:the 10 year and 5 year charts look horrible ! Because it is now at 50 cents on the dollar. The rational is that it will eventually sell at closer to book value and then you make money. You buy at points of pessimism and sell at points of optimism. As John Templeton would say if you buy before you see the light at the end of the tunnel you will be rewarded more than if you buy when everthing looks rosey. It is just how it works. It is called deep discount value investing. Most people only get interested when earnings show up but few focus on book value. Peter Cundill's Value fund focused on distresssed secutities and he was given a lifetime achievement award. So if you copy his methods you should do better than most. Only maybe 15% of the population look at secuties on a true value basis. Most look at earnings and potential future earnings. At this time I will hand my shares back to them at a higher price. There are generally not great businesses that can grow their earnings. This is cigar butt investing where you pick them up cheap.