They are not Robinson Crusoe in trading below cash and receivables. In fact I hold a few shares that are trading well below cash with absolutely no commitments...
Your analogy is good though, and I have this same argument with a mate of mine that just refuses to accept that they are good buys even if they are trading below cash backing.
People are blinkered at the moment.
They are not Robinson Crusoe in trading below cash and...
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