"buy cheap now, be cheerful later"

Good media coverage today in the portfolio section of the AFR

"Now that the dust has settled and the company has largely overcome its gearing problems, Marais thinks the stock is too cheap to ignore, particularly since the US property market is gradually recovering while the discount between the SP and property value is as big as it was a year or two ago.
You can make five to six times your money without them (EDT Retail Trust) lifting a finger" Simon Marais Orbis.

P30 AFR 21/07/10