I'm a long term holder whose become increasingly frustrated by the never ending issues and delays which have plagued this stock for the past few years. It's one debacle after another. I don't think anyone can doubt the potential value of this stock, however, a combination of bad luck, poor decision making, and incompetent leadership (mostly from the previous leadership team), has led to the position we're in today. It really is a disgrace. I'll hang in there as the fundamental reasons I bought the stock remain the same, however, it's clearly going to be 12 months + before HIG realises close to it's share price potential. And that's assuming the most recent court case get's a positive outcome, although given the track record in PNG, one can hardly guarantee an outcome will be forthcoming by then.
HIG Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held