I would like to share with you an embarrassing moment in my recent stock investing experience. It was regarding a newspaper company in Hong Kong, Sing Tao. But I need to give you the background before I can tell you about the embarrassing moment. Similar to SPH, Sing Tao and the rest of the newspaper companies, have seen declining sales and profits as advertisers move more of their advertising budget online. But SPH wasn’t selling at undervalued prices despite the bad news. Sing Tao on the other hand presented a super undervalued case, and became a better choice for value investors like myself. Although they sell newspapers in different countries, they are linked to the same owner in history. Aw Boon Haw had stakes in both Sing Tao’s and SPH’s predecessors. SPH’s Lianhe Zaobao is a union of Aw’s Sin Chew Jit Poh and Tan Kah Kee’s Nanyang Siang Pau. Aw is also known for Tiger balm as well as...