Some business are like cigar butts with not much value, but even that can be hard to find at times. It may not be a good business, it is a good stock only because with some certainty that it has just that little value left in it. It could be like real a cigar butt with one last smoke, only that it is wet and soggy. Sun it dry just a little, and you may get the few last puff left before you hits the cork.
The stock market is distinctly different from the enterprise/industry market of a business. There may be pricing misalignment between the two valuations i.e. the equity valuation of the business may be different from the asset valuation of the business and this is where you have to search for the misprice in valuations.
The lowest price is where the best investment starts and the highest valuation is where profit starts.
Share and like with ten friends.
Feel free to ask questions and make comments.