Legendary investor Benjamin Graham, a mentor of Warren Buffett, is thought to have originated the idea of "special situation" investments. In his classic book the Intelligent Investor , Graham discussed how there can be mispricing between assets and markets.
Fulgent Genetics (NASDAQ: FLGT) may have found itself in a very special situation where the market is mispricing the core assets of the company due to the cloud of uncertainty surrounding COVID testing.
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For further details see:
What Does Life After COVID Look Like for Fulgent Genetics?