SWM 5.88% 18.0¢ seven west media limited

Ann: Early Resolution of CPS and Pro-rata Offer Presentation, page-32

  1. 1,847 Posts.
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    It's your money Rahul, you're free to blow it on companies in dying industries if you wish. I'm sure plenty of people back in 1900 thought that their buggy whip and horse feed stocks couldn't sink much lower as well. Anything management do now is akin to shuffling deck chairs on the Titanic. My accountant/investor friend put it this way: "Imagine you have a family video store (call it SWM) gradually losing their client base to new technologies. Pretty lousy investment right? Then imagine a dirty great Blockbuster store opens up next door (call it Netflix.) How good is that video store looking now?" The good news is, if you sell before June 30 you can claim a tax loss for this year on your SWM gamble
    Last edited by justinp: 08/05/15
 
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