TFC 7.42% $1.31 tfs corporation limited

I bought in a couple of weeks back at $1.49 and filled my boots...

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    I bought in a couple of weeks back at $1.49 and filled my boots again today at $1.29.

    Mr Market is a deluded cantankerous bugger. But I thank him for this gift. Will continue to top up below $1.40 but don't think we will be here long. TFC might be my biggest holding by the end of summer!

    Using buffets intrinsic value model, I've got this nugget in for over $4 based on historical financials. As noted above queries abound re accounting for value of trees and USD debt, but at this discount, margin of safety has those risks covered for me.
 
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Currently unlisted public company.

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