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  • Are Safe Haven Investments Really Immune From Current Crisis? [View article]
    DaveW,

    I think you're basically right that Mark does not analyze demand side destruction fully and PAL was definitely a bad buy at $5 (I bought in to). However, at $1.20 or so, the company's equity in their assets is significantly greater than the stock price. Plus, they don't actually have much debt so they don't seem to be in any imminent danger of bankruptcy for the moment. If the stock did indeed go up to $6 in 5 years, you would be making a 400% return, or roughly 80% for each year you held onto it.
    Oct 16 12:56 pm |Rating: +1 0
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