A Path to Forever Financial Freedom, and is republished with permission. The writer (left), who is in his late 20s, has a MBA degree.
IN A BULLISH market, it is often difficult to find companies that provide long term value with a sufficient margin of safety to shareholders.
Because of such difficulties, we often see investors pumping up their investment in commonly sought-after blue chip companies, causing their price to earnings ratios to rise to record highs these few years.
However, the stock that I will be highlighting is currently trading at a massive discount. In fact, it is trading at less than the cash value on the book. I will explain in further detail later.
To give a bit of background, the company was started in 1978 and listed on the SGX in 1995. The company is in the business of moulding, fabrication and assembly and is a pioneer as a major plastics manufacturer.
I will not be doing a thorough review of the company’s foundation. Please conduct your own due diligence on the company.
The company reported its full year 2014 results recently on the last day of February.