"I have asked @madamswer about LBL and XRF in the past." Not...

"I have asked @madamswer about LBL and XRF in the past."

Not sure I can recall such a discussion (can you remind me what my opinion was?), but at any rate, XRF is a business that I understand, what LBL actually does is not all that clear to me.

But while both of these - like SDI - appear to be very cheap [*], what has happened in the past 6 weeks is that investors have become spoilt for choice.

So whereas, over the past 12 or so months, one needed to cascade well down the spectrum of company size in order to find undervalued stocks, suddenly there are a whole lot of high-quality, large cap companies that have become undervalued once again, for the first time in a number of years.

So the attention gets directed elsewhere other than small/micro cap stocks.

[*] Most importantly, none of these 3 companies have any borrowings (XRF had a little bit a 31 Dec 2019, but that had been incurred to fund investment in stock, which will be liquidated in the current financial period), and being debt free is very, very important during times like these. You don't want to be a CFO trying to re-finance debts when credit markets look like they could seize up at any moment.