run starts now?, page-23

"Owning TGA through a value investing methodology doesn't make sense...."
@s2096914 - Could you please explain this comment further?


"TGA was probably overvalued at $2.60"
Hardly - It puts the company on a P/E of 13, which would fall within the range of fair value... Find me a company with a similar balance sheet, no single customer risk and performing this well in a retail environment.

And for anyone that asks "why don't you buy more now", given I think it's below fair value: my reason is I don't believe the margin of safety is large enough (i.e. enough of a discount).

At about $1.90 I'm a buyer again.