Seeking Alpha
Editor's notes: Temporarily high capex masks solid cash flow at Body Central; the extremely low valuation offers investors a margin of safety coupled with promising growth opportunities.

Body Central- Cheap for a reason. Isn't that always the case?

I have spent almost my entire career in the investment industry, over 27 years of it anyway, as an analyst focused almost entirely on "value" stocks. Most aspiring value investors are intellectually attracted to the investment style because it makes sense intuitively. Buy enough "safe" cheap stocks and thanks to mean reversion or shareholder activism or just plain time, your results should outperform the market. Investors see successful investment results ex-post and believe in "hindsight" they too could have made that investment. However, I believe that, "if you could have you would have." What most investors fail to understand is that the value stocks that have done well where...

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