Seeking Alpha Seeking Alpha Portfolio App for iPad  The Deep
Discount Strategy is a Value investing approach to buying select
stocks at a price below their fair value. The basis of the
strategy is as follows:    1. Quality: Choose only the highest
quality companies with a stellar record of consistently high
growth across a number of metrics.   2. Value: Determine the
fair value of the company based on anticipated future growth and
a minimum desired compound annual return of 15%.   3. Target:
Buy and hold the company only when the share price is below a
margin of safety, set significantly lower that the fair value
price.   4. Enhance: Purchase additional shares if the stock
price moves lower, assuming the fair value remains the same.  In
this article we will apply the Deep Discount Strategy to Bio-
Reference Laboratories (BRLI) to develop a valuation and target
purchase price. Bio-Reference Laboratories is a laboratory
medical testing services provider serving customers primarily in
the New York metropolitan ar