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Wayne Savings Bancshares (WAYN) Message Board

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  • pmlljl pmlljl Oct 26, 2009 8:23 PM Flag

    I'm looking for real, long-term investments.


    If you are looking for small cap value stocks, I would recommend FLXS, SCX, CUO and WAYN. These stocks are all very cheap comparing market price per share to book value per share and they appear to do their accounting conservatively. They qualify in most respects to the Ben Graham approach described in his book The Intelligent Investor. They will probably take a good deal of patience, but I have had considerable good fortune with this type of investing over many years. I own a lot of each of these stocks and expect to hold them for some time. I would hope that each will at least double during the next five years. No guarantees.

    If you want a high profile company and a high priced stock, you can buy BRKB. Again, I own a lot of this stock. You can be assured that Warren Buffett will not use his position as CEO to take advantage of you as a shareholder. His salary is $100,000 per year and he takes no stock options and gets no bonuses. Yes it is true. His salary has remained the same for decades.

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