Now why would I write about a stock that has been consistently reaching new highs. After all isn’t value investing about searching for bargains, under-valued stocks? Shouldn’t I be looking at those stocks reaching their 52 weeks low? I have previously written a number of posts on Riverstone Holdings Limited:

1. Brief take on SMRT and Riverstone Financial reports (read here)
2. Earnings and Riverstone Holdings Limited (read here)
3. Trailing price/earnings to growth (PEG): Vicom, Riverstone, SuperGroup, ISOteam, Colex, Nera Tel & Raffles Medical (read here)
4. Value + Growth (Raffles Medical, Vicom, Riverstone, Supergroup & ISOTeam) – so what? (read here)
5. Value + Growth (Raffles Medical, Vicom, Riverstone, Supergroup & ISOTeam) (read here)

I guess there is a distinction between GARP (Growth at reasonable price) investing and Deep Value investing. For the former, didn’t Warren Buffett famously say, “It’s far better to buy a wonderful company at a fair price than a fair ......