The whole purpose of value investing is look for the possible mispricing on special situations such as Spinoffs, Partial Spinoffs, Right Offerings, Risk Arbitrage, Mergers and Acquisitions, Bankruptcy, Restructuring and Recapitalization. That's the whole purpose of value investing is to look for these "Special Situations."
Joel Greenblatt and Seth Klarman, two deep value investors wrote books about this topic.
So I don't really know what you meant when you said "I've always viewed SIAF as a Special Situation stock rather than a Value stock." To me, it is kind of redundant.
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