Joel James

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the stock at a big discount to its value and sold when the market pushed the price up to the value. The workouts were stocks on a timetable. They did not wait on market action. Some other force put these stocks on a rocket sled. That force was a corporate action, a board-level decision that delivered a big return of capital or stock buyback, a liquidation, or a sale of the business.
The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
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