Ncc took a huge position in CGA. Lo and behold, they r given ctn now NSC. Everything is an inside job these days. The gents r good stock pickers but take concentrated positions in off the beaten path stocks. As a result, their performance will be more " erratic" than the typical LIC. To jump up and down after a few months of their performance where they have not even been fully invested is absurdity.
I own CGR which was a door mat for the first two years I owned it. I almost surrendered and did not because NCC became substantial. The stock was at less than 20 cents. Now 2 years later it's 60 cents with Morgan's, Wilson, GC1 and others on board. Tell me who you would rather follow.
I think NSC is about the best value LIC Out there. Even GW says to buy LICs when they r at a discount. They will have their day. They probably won't shoot the lights out but should provide a good return with fairly low risk. In the words of GNR. .... A little patience. Also NSC provides some diversity to usual suspects that most LIC own.
I do not own NSC because I have fundamental issues with LICs. A discussion for another day. Also I am fundamentally stubborn. At its current price it's one of my few buys and I am tempted.
Lastly, if you want to go auto pilot, I agree ... Fly Wilson.
Glah
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50.0¢ |
Change
0.010(2.04%) |
Mkt cap ! $67.43M |
Open | High | Low | Value | Volume |
50.0¢ | 51.0¢ | 50.0¢ | $19.35K | 38.34K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10137 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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50.0¢ | 22055 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10137 | 0.490 |
2 | 4126 | 0.485 |
3 | 13673 | 0.480 |
2 | 30836 | 0.475 |
2 | 20378 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 8863 | 2 |
0.525 | 9542 | 1 |
0.550 | 2000 | 1 |
0.560 | 165499 | 2 |
0.585 | 5000 | 1 |
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