Thank you for that logical and well reasoned post. I'm afraid that ValueTrader has lost the plot on this one. His assertion that AFY is worth 40c at the most is quite ludicrous and no matter how much financial gobbledegook he spins to denigrate the stock his credibility is lacking serious trust.
I agree with you that AFY is difficult to value - but it is certainly worth much, much more than 40c. As I posted before, I have taken profits on this one and prefer the relative safety of TCH - which is a more conservative way to be exposed to AFY.
The market is the final arbiter of AFY's value and it could very conceivably surprise on the upside. But ... 40c?? I don't think so!
Continuing to watch with interest.
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