orbis et al strategy vs greed

To Bongodrongo and others who for some reason believe that holding a promising share is based purely about "greed," here is an article from today's Marketwatch about a fund that has made fortunes with a particular style of investing.

http://www.marketwatch.com/story/pioneering-value-stock-firm-going-strong-at-60-2009-08-18

Here's just an extract:
"The flagship of the line is Mutual Shares Fund (TESIX 17.38, +0.14, +0.81%) , launched on July 1, 1949. An investor who deposited $10,000 at the fund's inception would have had $8.6 million as of June 30.

True value

Langerman, who also co-manages Mutual Shares, said the fund's picks, as with the other Mutual Series products, are based on the firm's idea of a company's worth.

"A value investor's job is to say there's real value in a company when others aren't appreciating it," he said.

A company's value could be hit because it missed its quarterly numbers, or is facing litigation, for instance. But deep value investors go further, buying into companies that may go bankrupt, be liquidated or be merged away."

VPG is not going to go bankrupt, but is distressed, and it's only a matter of when and not if the share will push up in a very serious way. For those who like to go in and out, there are opportunities here too. For those who hold no stock but who for reasons only known to themselves downramp shares in posts on HC, please go away.