TTH,
According to Buffet if stock has pe=5 and price/nta <=1 then it's a buy. I missed out quite a few like ALZ when it's $1.4 or SDG@$1.4 or SMY@$1.3 with forcast profit = $1
Recently I loaded up big on GTP@ $2 with the same criteria pe=5 and p/nta<1, now it's at $3.
EBI falls into the same scenario so I tempted to buy but the diffrerence is it's a hedge fund not the company.
Even you assume there is no growth , 20% return is not bad. XJO return 20% last FY.
EBI
everest babcock & brown alternative inv trust
