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24-03-2020, 08:42 AM
(24-03-2020, 08:36 AM)holymage Wrote: That is true. Wong Fong Fui is a very discipline asset allocator. He would rather give up a deal than risk overpaying. Curious what will he do next with all that cash. Maybe he might even accelerate his buybacks.
I noticed that he is more into buying cheap companies to turn it around and NOT buying great companies in fair price.
Hence it's rather hard for Boustead to scale up and grow!
They always need his (or some others, rare) master Turnaround skill.
His strength is in waiting patiently for his high Margin-of-safety.
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My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".