Sorry that's utter nonsense. I have made lots of money buying things under NAV - stocks like TJI - went up 10 fold, RMA - nearly doubled, Fondul Poprietatea.
You should be careful - not everything is as good as it looks but never buying under NAV - not at all sensible.
See the blog for examples -
www.deepvalueinvestments.wordpress.comWhen prices goes higly under NAV (so more than 50%) we could assume that someone had more info on this asset than us. And usually (as happen on US pinksheet and OTC mkt) people try to sell they loosimg stoks by spamming news
