Harry Winston Diamond Corporation HWD

Looks like time to buy again!

[u2bob]

Wow sold half my position on Friday...cant believe I may have a chance to get back in on the cheap...great long term stock to accumulate and trade on the bumps!

In our January issue, I looked at shares of Harry Winston Diamond( HWD - news - people ), one of the premier diamond miners and retailers in the world. At the time, I argued that it looked cheap at $3.90, an 87% plunge from its price just six months earlier and 30% of book value. It then proceeded to get even cheaper, hitting $1.72 on March 9. At that point, the valuation was simply absurd.

Canada's Kinross Gold ( KGC - news - people ) apparently agreed with me. The company stepped in and bid $3 for a 20% stake in Harry Winston. This is no day trade. Strategic investors like Kinross don't buy because they think there's a slight 20% or 30% upside. They're looking to make their investment back several times over. In the words of Kinross CEO Tye Burt: "When do you buy a significant interest in a world class asset? When it's available and hopefully at an attractive price," he said. "We think there's tremendous leverage in the equity price."

https://www.forbes.com/2009/04/13/citigroup-hwd-kinross-personal-finance-guru-insight-stock-valuations.html

[Aberlour]

Couldn't agree with you more Bob!

[greatemailslob]

look what comes out of the sewer...aberfoolhis cost base is north of 20had to change his profile to disguise his true identity

[Aberlour]

Slobbo should be getting excited he now has 99 people ignoring him.  He'll soon join the century club as one of the most ignored people on the net.  When he hits 100 we should have a little celebration

[puma1]

yes, we will celebrate by ignoring him!