I never say it can't work. I said it is not a great business model as it demonstrated on the new contract that JIN has no bargaining power. The problem is just not competing with your supplier, it is competing with a significant price mismatch.
"the model works until it doesn't."
"And we do as investors is try to hop on go for a ride and then hop off in the hope we make some money."
So your investment philosophy is to invest in something that you have no idea why it works and hopes to hop off at the perfect time when it stops working? This is speculating not investing. Well done on you for getting it right this time but investing should be putting money on something that you think has a favourable long term prospect, not hop on, hop off market timing. Anyone who said they can time the market consistently is either an idiot or a liar.
TAH is JIN's kryptonite?, page-27
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Last
$13.82 |
Change
-0.060(0.43%) |
Mkt cap ! $870.2M | |||
| Open | High | Low | Value | Volume |
| $13.83 | $13.89 | $13.63 | $1.605M | 116.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 276 | $13.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.84 | 645 | 2 |
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| JIN (ASX) Chart |