Invest in Special Situations

Read the full article at: http://www.fool.com/investing/value/2007/09/06/invest-in-special-situations.aspx
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People often assume that value investors are looking only for businesses with low price-to-earnings and price-to-book ratios. And although value-centric investors are indeed attracted to companies that trade below book value and sport high earnings yields , there are other categories of investments they like to exploit. One of them is what we call special situations.