I DO NOT WANT TO OWN A STOCK JUST BECAUSE IT IS CHEAP.


Cheap is not enough.
I want to know why it is cheap.
Is the market scared for no reason?
Or is the business actually getting worse?
Huge difference.
If EPS is growing and the stock is falling, I am interested.
If EPS is collapsing and the stock is falling, that might not be a deal.
A dip does not make something undervalued.
A strong business trading below what it is worth does.
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