Detroit Bear
Deep value, special situations, long-term horizon, value

A Furniture Maker Trading Below Book Value: Bassett Furniture

If there is any reason to be jealous of Warren Buffett, it is that he was a value investor at a time when tons of stocks traded below book value. Of course, Buffett had to do a lot more than run stock screens on incredibly powerful computers, like manually calculating book values and finding the companies (and sometimes shareholders) in the first place.

That being said, when a stock trades...

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