Don’t think this collapse is really surprising. It’s a thinly traded stock that moves a lot on relatively little volume. And with perfect hindsight we just happen to have crossed the stop loss threshold for a lot of people. But as Buffet said: “Price is what you pay, value is what you get.” There is intrinsic value in this project and I think it’s a good deal higher than current market cap. Unfortunately management, and by some extension the current board, are being priced as a huge negative value factor. So to me the question mark is whether this can be addressed in the next 3 months. If so, HCH has a fighting chance to turn around. If not, well then not so much …
HCH Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
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