“Our final factor is courage/contrarianism. Sir John Templeton said, “If you can see the light at the end of the tunnel, you are too late!”
Our optimism for companies goes up as the price goes down when it fits our eight criteria for stock selection.
Most of the time our rewards take 12-18 months to show up and, in some cases, have taken longer. Therefore, courage combined with patience at the point of purchase and ownership combined with patience on winners has been a source of alpha for us.” — Bill Smead
We’re in the tunnel. We can’t see the light but we can now see how there will be light about a year from now. Bryan Sheffield has staked over $250m of his own capital on it.
TBN Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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