HupSteel

[dreamybear]

This is a similar value trap story to St******. There is no point keeping many years and getting measly dividend and then a lousy delisting price just when the industry bottoms.

I am still stuck with a few value trap counters bought a few years back. I did not sell those because of the usual "hate to realize" loses. Now I try to avoid buying counters simply because they trade at a deep discount to NAV. Yes, the worst part is waiting to get a low ball offer eventually. But then again, I guess these counters may appeal to passive investors with full time jobs(no time to monitor industry/company news) with spare cash(instead of putting in FD).  

In the case of Hupsteel, those who just vested days/weeks prior to the offer must have gotten a windfall. For deep value plays, I think luck(a good GO price) and timing(short waiting period) play a more important role than investing skill.