BLY boart longyear group ltd

Lessons to be learned.

  1. 370 Posts.
    lightbulb Created with Sketch. 72
    As Buffett often quotes "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price", BLY has been on my watch list for a while. In fact, it has been the most volatile one. At times, it could go up by 10% or down by 5%.
    Share price is a deceiving veil around the actual value of company. Looking a 10 year chart. Its down around 99%. Might be a huge bargain, if the business can be turned around.

    One piece of advice: After many years, Warren Buffett still has not learned how to turn bad business around, but rather how to avoid medicore/bad business and pick lasting/stable business.

    Last edited by eight: 16/07/14
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.