solid group is solid

theres been talk of this secret stock in investing circles what is it and why is it a good investment? i happened to stumble on this stock a few months ago i saw that it was good and it was cheap and very cheap in fact :) but it was like an ill get back to you later stock and then a few weeks ago spyfrat asked me to check the financial health of a company that he saud might be a sleeper. and when he mentioned that it was sgi then i knew it was time for me to buy and tell my other friends about it :) seldon can you see a stock that has so much upside and so very little downside :) well why should you buy its shares? well its a bull market and you can almost make money in anything :) hehehe this is an example that will prove what others have been saying that you couldnt invest in the stock market anymore using the principles of value investing as preached by benjamin graham :) here are the numbers and to prove that you can still make money in the market using value investing :)
current assets - total liabilities then divide it by the total number of shares :)
3.63b - 1.06b = 2.57b / 2,030.98shares =1.26/share :) is that dirt cheap or what? :)
its just like someone selling you a 1thoiusand pero bill (assuming that the pero bill is real of course) for 667 only. :) if thats not a good offer then i dont know what is :) and ill make another assumption this is the approach of michael price one of the superstar value investors today :) lets just assume that management was irresponsible this is just an assumption all of their long term assets were just worth 40% lets see what happens long term assets =
4.03b x 40% = 1.612b then add current assets and subtract liabilities
3.63b + 1.612b = 5.242b - 1.06b = 4.182b and divide by the total number of shares :)
4.182b / 2,030.98 shares = 2.06 / share this even makes the closing price of 0.84 look so so cheap :) lets assume that the value of its long term assets are worth 50% what number will we come up with :) 4.03b x 50% = 2.015b then 2.015b + 3.63b =5.645b - 1.06b = 4.585b
4.585b / 2,030.98 shares = 2.26/share :) these are some of the reasons why i still believe that you could still make money in the market using the principles of value investing :) its reported book value in their fs is 3,12 :) technically this stock broke out last mondayoct 17 :) what are you waiting for? get yourself some shares :) in this market anything can happen but when the odds are in your favor you should go for it :) you have a royal flush what are the two magic words that you have to say? "ALL IN" :)