"I guess it's now a buy then is it?"
Not in my opinion, no.
I'll not labour the catalyst that I am looking for before I buy the stock.
(Just because some Portfolio manager somewhere around the globe, who was buying the shares previously at much higher levels one day decides to take a teeny slither of the +$1.0 trillion of assets his firm manages, and have another go, should be no grounds for any self-respecting investor to change their minds either way.)
"...but if/when the sp shoots up on results - you'll quickly switch to foresight and be happy to pay a "multiple" to play catch up, right?"
Absolutely, I'll be happy to pay a "multiple" if the "results" mean that the company has been de-risked sufficiently (and I think you are acquainted with what I believe to be the risks, so I won't labour them).
I have "paid" multiples - very successfully, I might add - with a range of stocks on many occasions in the past, on the basis that they were at my desired de-risked state.
I'm not alone in this; a great number of investors of all shapes, sizes and experience do the same thing.
Why do you find that approach so worthy of remark?
Some people don't care about risk; I very much do.
"Capital are in the serious league; I wouldn't be poking fun at them about smart investing if I were you."
And why not, may I ask?
Why should I not make the reasonable observation that they have bought the stock at a valuation significantly different to the level the price is today?
What are they going to do? Sue me?
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Last
$1.01 |
Change
0.020(2.02%) |
Mkt cap ! $1.158B |
Open | High | Low | Value | Volume |
99.5¢ | $1.02 | 98.5¢ | $1.218M | 1.212M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 60614 | $1.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 36637 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 4310 | 1.005 |
16 | 175863 | 1.000 |
10 | 102547 | 0.995 |
9 | 184935 | 0.990 |
6 | 536924 | 0.985 |
Price($) | Vol. | No. |
---|---|---|
1.010 | 38816 | 10 |
1.015 | 31050 | 7 |
1.020 | 98771 | 17 |
1.025 | 158106 | 12 |
1.030 | 131300 | 7 |
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