Many investors cite Warren Buffet's saying of Be fearful when others are greedy and Be greedy when others are fearful.
I had posted about Yanlord last year.
The summary of the thesis was
"Chances are this will serve a position in the portfolio where are investing in a hated sector i.e. Property in China is being cooled, no point investing, so, you are taking a contrarian approach.
The bull thesis is that, all you need is for majority share shareholders to privatize this and pay out a small premium to traded price of say 20% and you have made your 20%.
One can take a patient approach and wait for the counter to hit 90 cents anytime from now till March 2016.
There is likely to be a run up in April or May 2016 at which time one has an exit price of say $1.2."
This was posted when Yanlord was at $1.
It dipped below $1 to the 0.98 level by January 2016.
I have highlighted the selling point above, anytime in April or May where one could have exited at 1.2.
All said, one would have reaped a cool 20% for a three - four month holding period.