Back Where I Started
The first article I wrote on this website was about NL Industries (NYSE:NL), a company, which I thought, was significantly undervalued due to its large holdings of marketable securities and obscure nature. On the surface, it seemed to be a very attractive value proposition given the large discrepancy between the price of the stock and the worth of its underlying securities on the open market. The company also held a private reinsurance business and paid a generous dividend.
While the company did appreciate handsomely in the first part of 2013, it quickly returned to the doldrums and languished in obscurity. Though the company continued to pay a healthy dividend, the "conglomerate discount" persisted and...
|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|