tianshan and corvette to merge ., page-12

"I cannot accept your post other than with a yawn etc."

The feeling is mutual. If the market valued stocks perfectly, it would not be possible to make money at all. Money is made, also according to Buffett, by investing in stocks that are undervalued and waiting for the market to catch up. There comes a point where the discount to cash & assets can't be justified by any criteria, as is the case with CFE. Others have trawled the same sort of tripe as you when the stock was in the low 30's, which was my buy in price. Who's laughing now? Peter