Some investors just don't get itI get it that for every buyer, there must be a seller and only one of them is right.
But selling a company that as $9.38 of cash / share at march 31th and if interfor
don't buy any more shares (witch i doubt) will end the year with about $18 / share of
cash.
Book value is $20.24 and will end the year at about $29 +
You want to buy when their is fear.That is what i did this morning.Adding to my position.
Time will tell if i was a bit early in my addition but it won't matter in 3,6, 9 month down the road.
Fear based selling, especially when it is a correction of the overall stock market, create opportunity because everything is sold without much thought about the prices that are being accepted.