Buy stocks cheap and sell them dear. How difficult can it be? Simple doesn’t mean it is easy. Value stocks are very uncomfortable to buy. An unprepared investor would have a lot of self doubt and might lose confidence when bad events arise. The case in point revolves around TSH, a stock listed on the Catalist (the secondary board of the SGX). TSH’s market capitalisation was about S$30 million when we were first look at the stock in 2014. It was a very small cap stock which most professionals would not even take a glance at it. Though a small company, TSH had 4 business streams. Homeland security arm served the Defence sector, disposing ammunition and construct civil defence shelters. This business segment also supplied and choreographed fireworks display. Consumer electronics arm designed headphones, earphones, speakers and accessories for mobile phones and tablets. These products were made in China and sold in the U.S. through a distributor. The property arm developed properties in Australia ......