Nam Lee Pressed Metal

[BlueKelah]

easier said than done.
when a real crisis, i bet many of us would not have the guts to scoop at ultra low price..

well if I learnt anything by reading posts on this forum, I would not think its a matter of guts for value investors but rather a matter of valuation. If price ever hits or goes below net cash value, I dun see why guts would have to be involved.

In my experience, guts matters. The high level of conviction in your own valuation starts to waver when the price is down by 60% and is still going down. Cash value can also disappear fast once receivables become bad, revenue go down rapidly, costs go up due to under-capacity. Maybe even significant shareholders start throwing shares and some other company starts going under... All this will keep hitting against your castle of conviction until it eventually breaks.

hmmm but isn't value investing about buying 1 dollar for 50 cents? better the company bankrupt liquidate you can straight away get a profit anyways hope for another correction i ill also buy in nam lee. track record during economic crisis is good.