A Caution on What Company Presidents Say A CEO Statement Following Financial Disappointments

A Caution when Buying "Cheap"

When buying on the cheap, understand that near term outlook often stinks. During good times, value investing is often about buying companies that, at least in the near-term, have fallen on hard times. But when the market drops and everything is "cheap," the more important issue is identifying the companies with superior fundamentals and improving outlooks that may simply be caught in this bad-market maelstrom.