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.
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