Premier Tests a Value Investor's Patience
Value investing involves three things: patience, patience and waiting around for an idea to pan out (which is, of course, patience). It can be a long, drawn-out process, and it's not for everyone. Holding a name for two, three or four years or more is an eternity to some. But the patience is often rewarded, if you've got the stomach for it.
It can be maddening and painful at times. Especially when you've reached a tipping point, a final event that will determine success or failure and determine whether owning a name was worth the wait and opportunity costs. Owners of Premier Exhibitions (PRXI), which has garnered a decent amount of press recently regarding the company's auction of more than 5,000 artifacts salvaged from the debris field of the Titanic wreck site, are still waiting....498 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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