The Soul Patts effect, page-15

this is great information giddyup, but you’re basically giving us the case for deep value, well over 300 mil spent considerable years ago (before inflation) and the business is now valued at 180 or so mil thanks to Mr. Market, not including the original franchises. Complete turnaround on the legal troubles and their horrid debt situation. This is where the money is made in the discrepancy of deep to fair value.

No one can predict the future but it’s very easy to buy cheap and sit tight. It just feels uncomfortable for a bit since everyone initially disagrees with the deep value folk.