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Monthly Archives: February 2011
Benjamin Graham liked cheap stocks. He especially liked stocks that sold below their net current asset value. Why? Let’s say you own a small, neighborhood bar. You have a few regular customers, can get a good crowd if you can … Continue reading
Recently, industrial conglomerate ITT (ITT) announced they will split the company into three separate businesses: Defense, Water, and Industrial Products (The “New” ITT). The stock immediately jumped 20% in anticipation of the spinoffs, which are expected to be completed by … Continue reading