My general strategy with this stock is to buy it cheap and sell it at a profit.
I once held it for the long term but just lost money. In fact it was the only stock I lost on in FY14. In recent times I just buy it <30c and look to sell at ~32-33c and wait for the opportunity again.
I spent plenty of time valuing the stock about 2-3 years ago, but just found that the value realisation is incredibly difficult for this company. I see a theoretical valuation north of 45c/sh, but I don't how that will ever be realised in the market. So, I buy it cheap.
if I had retained my initial "hold for long" strategy, I would be seriously underwater on this stock..
I want to be proved wrong on the upside though, while holding of course!
PM m0ngy - he's generally pretty helpful and cheerful - buy him a few beers and he'll sort you out.
ROC Price at posting:
68.2¢ Sentiment: None Disclosure: Not Held
HZN Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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