It's not stoicism, its risk/reward profile analysis. I think this is worth more than $2.70 long term. Though I may be wrong, which is why I have a 2.5% portfolio position in SGR along with 30 other 'bets' at the same time. So if you are correct and it goes to 40 cents, I can offset the loss against other gains. As a result I increased my position from 1.5% to 2.5% today.
What I love most about HC is how many people predict exactly what a share price is going to, or that they will always be right in their predictions! I would be over the moon if I could be assured of beating the market more than 60% of the time. Everyone seems to post that they think SGR will go to $.40 or $4.00 - this is laughable! My analysis is that this is a little undervalued and has strong downside protection. Having said that anything could happen and debt markets are becoming less accommodating which will impact refinancing.
PS I get heaps of picks wrong and have to sell out at a loss, despite this I have done well in shares since I started investing 9 years ago.
PPS I probably would have done just as well, if not better with an S&P 500 index fund like IVV.
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Last
49.0¢ |
Change
-0.010(2.00%) |
Mkt cap ! $1.405B |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 48.8¢ | $8.231M | 16.30M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 327225 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 422814 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 33161 | 0.490 |
10 | 1119494 | 0.485 |
18 | 812318 | 0.480 |
9 | 1144656 | 0.475 |
17 | 306533 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 135000 | 5 |
0.500 | 1260185 | 19 |
0.505 | 193052 | 10 |
0.510 | 297581 | 14 |
0.515 | 406382 | 5 |
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