it’s my number one rule - never buy into a PE float and wait 2 years to see what happens. Occasionally that means you miss out on something good but I have also avoided some fiascos.
I found the other side interesting - that PE are scooping up bargains by keeping management in with equity, while shafting the little guys.
TNT Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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