On Friday 10/23/2015 Art Vivant announced a favorable outcome of a legal dispute. In response, management raised the profit guidance and declared special dividends. I took advantage of the subsequent surge in the stock price and sold my position for a +56% gain in two months.
Deep Value Ideas 
I am long Art Vivant too. +56% in two month is very good, no question. But with NCAV above 800 Yen your sell seems a little rash. Do you have fixed exit trigger that made you do this?
This might be the catalyst that brings the stock back to NCAV, so I consider staying invested.
Thanks for answering and sharing your ideas on this blog.
Pascal
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Thanks for reading the blog, Pascal!
The stock is still absolutely cheap. On a relative basis, however, I have better risk/reward situations on my watch list. As I have more ideas than money I sold.
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Thanks for responding, that makes sense. I am looking forward to reading about these superior risk/reward ideas 😉
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