The Long Game of Deep-Value Investing
I was pleased to see fellow Real Money contributor Tim Melvin's piece last week on the regional electronics retailer Conn's (CONN), a former net/net that has finally paid off. In fact, Conn's is up 280% since February 2010. It's always nice when you are rewarded for taking a position in a seemingly questionable story in which few others saw any value.
The paths in these situations are rarely smooth, and it's easy to second-guess yourself along the way. The fact that you may have to wait years for a payoff usually scares many investors away from deep-value plays. In such a fast-paced world, two or three years may seem like an eternity to wait for an idea to come to fruition, and it's easy to let the frustration push you to the point of selling out....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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