I have to agree. Codan's short and long term record is...

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billyen

6,892 Posts.

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07/11/15

02:31

Post #: 16344414
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Originally posted by agumentation_and_debate ↑

Govr:

Your reply to billyen made me laugh out loud. The stock's history for the long term is horrible. In November 2003 (12 years ago) the stock was at $1.40. In the long term, the stock has fallen tremendously. In the short term, we really have not seen $1.40 so we can say that on a % basis, it has not fallen as much since 2003. If we take the 9 months out of euphoria in 2012/2013...the stock has really not seen the light of $2.00. If you take out the short term of those 9 months in 2012/2013 with the gold prices skyrocketing, you have a stock that in the long term has horrible performance. I have a friend that states that each year, his team is in rebuilding mode....they have not really been a competitor since the early 2000...it reminds me of Codan.
The view of the company looks much worse when we consider CDA not in the short term but in the long term. We went from $1.40 to $0.865 in the long term.

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I have to agree. Codan's short and long term record is shockingly bad. The management haven't got the job done.

However, I invested in the future. Guess what, I was right.
They are getting it done. They had a great half and year. Not as well as I would hope but, very good.

The board and management of this company believe that capital management isn't their job...well it is.
My other concern is they don't have the knowledge or experience to deal with it. Not sure which one I fear more.

CDA Price at posting: 86.5¢ Sentiment: Hold Disclosure: Held
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