I liked the company's team too much and overlooked the risk. I could have got 3x return, but only got out at 2x.
You see, with the Inmasat phone recall in Q1 and Iridium talking down Go! in their own conference call, I saw a week first half but chose to believe another Go! order is coming in H2. I don't think the company deliberately misled, but that was a big miss IMO.
Now we shall see whether the current development project will go according to budget and whether the inventory built up will be absorbed. Otherwise, they might have funding shortage... well, that's gonna be a killer.
- Forums
- ASX - By Stock
- Ann: Profit Outlook - World Reach Limited
I liked the company's team too much and overlooked the risk. I...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)