I came across this company in June 2016. I was very assured of its fundamentals after visiting its management in June. Having done my valuation work, I concluded that it was fairly valued and I decided to wait for its share price to fall.

You must be wondering which company this is. It is Classic Scenic Berhad, a local unnoticed leader in the making of wooden picture frame mouldings. I will not elaborate further why this company is good for me. You may read more about my plant visit to the company's factory here. 

Note: Larson Juhl, one of Classic Scenic's major customers, is owned by Warren Buffett.

When I discovered Classic Scenic, it was trading at about PE 15, which I deem as fairly valued. 

However, I was in a dilemma. What made me suck my thumb was - fairly valued and a very good dividend yield of 8% at that time. On hindsight, with such a good management team and strong business fundamentals, I should have deployed my capital for such attractive dividend yield.

As of the time of writing this, the stock is trading at RM1.85. In June 2016, this company was trading at RM1.30 - 1.40. With such attractive dividend yield, this company has generated extremely good return in less than half a year.

A friend of mine, who is a multi-millionaire, read my article and decided to buy into Classic Scenic. In less than half a year, he is sitting on such good return while I was sucking my thumb. What a painful lesson!

Before I end this topic, I must say that I have seen many stocks' share prices skyrocketed within short period of times due to sudden outbreak of short term good news. For these events, I did not regret missing them because I believe great investments are made from a rational mind and extensive research, backed with sound business fundamentals.