Often when a stock is undervalued, commentators will say that business concerns (litigation, taxes, etc) are "priced in" to the current low value.
A fellow Islander is offering a beautiful 996 coupe for about the same as my current (very good) SC is "worth" at current market.
My question is - how much of the corrective maintenance required on the 996 is "priced in" to the current low market value ?
Should I buy the car (my favorite metallic red w/sub 50K) and do the $12K major service (clutch, waterpump, IMS, belt, and all fluids) and then sell the one I like less ?
Going back and forth