It is embarrassing but I have to admit, I bought Marco Polo Marine after looking at another local investment blogger's analyses on it. This was back in Dec 2012 and the price was 42 cents when I bought it. One of the investing lessons is to always create own investment thesis through doing your own homework - not from hearsay or from analyst reports. However, I did not heed my own beliefs and to be fair, the analyses were well written and the blogger is reputable, so I jumped straight into buying some shares. No blame should be put on the blogger, it is mine and mine alone. Marco Polo Marine had a stellar 2012. After-tax earnings topped $21 million which was a 23% increase from the previous year. This worked out to be 6.3 cents per share. If we calculate the price-to-earnings (P/E) ratio, Marco Polo Marine was ......