It has been a hard job reading through the numerous annual reports and notices of meetings that have filled up our mail box over the last few weeks .
After reading a few I realised that I have fallen in love with a few stocks that maybe I had to much belief in , and others where I am long , been very satisfied the management and the boards of these businesses are doing a good job .
One which I really dont know why I hadnt sold was PPX , but after reading the chair and MD reports and going through the numbers with a fine tooth comb , this dog really does appear that the new MD and the chair have got some very good flea powder and are in the process of cleaning up what was once a $5 stock and a market darling.
At 9c if they can deliever on even 25% of their hopes in a short period this is ripe for a management buy out, or bering taken out by a global paper business who can retire their debt and allow them to move ahead what is a very massive business
From my tiny holding that has a $2 entry price , ill be topping up , hoping that they can get the dog wity fleas back on the street and the brokers and instos do want to pat it again , as it returns to profit in 2013
ST and LT buy imo
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