Lol, another bag holder who relentlessly posts positive musings on a consistently falling stock only to magically declare they've not lost money. People couldn't care less whether you sold and bought back, the point is that you've been wrong over a long period.
My point is that they appear to deleverage for a time and then splurge on a poor investment. $132m for PRIME? Then the stake in A1N? Which was looking at acquiring SXL? And then the court cases? Capital Management in the whole sector has been relentless value destruction and the recent capital allocations have just been doubling down.
My losses? You think I'd invest long term in this megaphone? I had a tiny punt a long time back on the possibility of RS steering in a different direction but realised the near term possibility of a return to prioritising dividends over acquisitions was unlikely.
I post None on sentiment because there's always a possibility things can change. But there's a pretty consistent track record to look at and plenty of other options.
SWM Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)