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
0.000(0.00%) |
Mkt cap ! $1.405B |
Open | High | Low | Value | Volume |
48.5¢ | 49.5¢ | 48.0¢ | $2.950M | 6.035M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 172693 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 681662 | 46 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 177970 | 0.490 |
36 | 1217717 | 0.485 |
35 | 952386 | 0.480 |
17 | 641332 | 0.475 |
23 | 676637 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 680439 | 45 |
0.500 | 810082 | 49 |
0.505 | 415592 | 18 |
0.510 | 478023 | 21 |
0.515 | 1094592 | 12 |
Last trade - 14.02pm 20/06/2024 (20 minute delay) ? |
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