By Jacob Wolinsky
As value investors, we are always on the lookout for bargains - stocks or bonds that are trading at prices below our estimate of Fair Market Value ((FMV)). Both research and common sense dictate that the greater the discrepancy between price and FMV, the better it provides a higher possible margin of safety and implied upside. However, securities are often detached from their FMVs because the business is suffering, leaving investors to figure out whether the issues at hand will be minor and temporary or debilitating and permanent.
Buying the