Value investors score their biggest gains when they buy an underpriced asset, average down unfailingly and have their analysis proved out. Thus there are two essential ingredients for profit in a declining market: you have to have a view on intrinsic value, and you have to hold that view strongly enough to be able to hang in and buy even as price declines suggest that you're wrong. Oh yes, there's a third; you have to be right.
- Howard Marks, Chairman Oaktree Capital Management
Gramercy Property Trust (NYSE:GPT) (referred to as Gramercy for the balance of this article) has been well covered on Seekingalpha over the past six months or so with articles being published by Brad Thomas...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|