I agree, and because of this I would not pay a full price for this business. But at sub $6 I think I can do so without substantial risk of loss of capital over the long term. Part of my thesis involves the possibility that finally, some by player (whether its the Japs or someone who can work with the Japs) decides that they will correct the 4th issue and give Challenger the final piece of the puzzle to flourish as a company.
CGF Price at posting:
$5.06 Sentiment: Buy Disclosure: Held
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