A significant outperformance over the next six months coupled with a modest reduction in fees to retain clients and the current staff situation not changing as drastically as over the past year.
All of this seems unlikely. I am personally expecting this is either going to be a $1 company or drastically change course and luck out due to aggressive investments that keep it afloat.
The whole "we are a serious company, we wear suits, we have CFAs, we went to private schools so we know what we are talking about" act that so often it seems to drive mediocre active funds doesn't work when a company is this far deep in the shitter this quickly in every single regard. The primary issue with the company has always been the key-person risk extending to Hamish, with his downfall what exactly does the company have to offer at this point, especially with hawks in the media feeding off the situation?
The value in the company for better or worse has always been Hamish and the total $ of holdings, both were inextricably linked. At this point they need to pull something out of a hat, mediocre won't cut it when the brand is this tarnished.
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