Shares Investment•10 months ago
Fervent value investors ascribing to Benjamin Graham’s investment philosophy may sometimes find opportunities in stocks stigmatised by the market. Such stocks of companies often trade down to bargain levels due to their involvement in accounting irregularities, financial distress or protracted litigation. An example of such stocks in our local context, Vibrant Group recently plunged almost 50 percent from $0.33 to $0.17 after discovering possible accounting fraud in its BlackGold International subsidiary just a year after acquiring the company.