how low can this go?, page-279

Since this company is falling into a net-net category, Benjamin Graham would buy a basket of those without even knowing what their business is about. For you maybe its a punt, for others its not. That's what a stock market is, people have different perspective of what is a punt.

I remember when Rams Home Loans went IPO and the business model went dead two weeks later after its funding dried up, and its share price later crashed to 5 cents. Some people called it a punt and some didn't.