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Buying a Stock That Trades at 60% of Intrinsic Value?
Francois: One stock that we already own for a little more than two years is five below. And the stock went down probably 35, 40% at some point and we increased it. I believe that five below will grow much faster in the years to come than the Rama. So we just sold one that look less attractive and increase the one that is more attractive. Perhaps if I could take another example, one stock is down 20% today as we are speaking is a car max.
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