TWD didn't chase 'market share'.
They protected their margins as much as they could, adopting almost a Buffett mentality. This resulted in lost sales opportunities especially during the fixed build era at uncompetitive tender margins. Effecting they 'lost market share' but made profit.
Buffett does similar moves in the insurance market: when the margins ain't there, Buffett doesn't underwrite the insurance policy!!!.
Very very happy with my position, and with that 16c dividend coming soon. Took me a while with low liquidity, but managed to acquire nearly $100k of TWD.
At an average price of around $2.15
So I am very happy.
Next few years, in my opinion, I am confident of collecting 25c fully franked dividends a year.
TWD didn't chase 'market share'.They protected their margins as...
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