Thursday, October 24, 2013 12:51:17 PM
Yesterday JAXB looked like some rag tag corner beggar bank selling for a mere fifty cents a share. I mean how can you take a bank like that serious...right!
Today the pps is $10.28 (all due to a RS of course) but its like our beggar just put on a tuxedo...and he's going shopping with $55MM bucks to spend!
Its the same bank.. but He looks a whole lot stronger - well fed - well groomed...far more worthy of respect! Fifty million dollars will do that to a guy.
Investing requires continuous learning, even though the underlying concepts (buy-low-sell-high, margin of safety, etc.) never change.
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