Ann: Trading Halt, page-80

"I'm pretty shocked how this business has took a nose dive, and how quickly. As with all shareholders I've taken a very painful bath. You were absolutely correct many months ago."

@danielpotter,

On the contrary, all I saw as a business that I thought was expensive, on the basis that it had negative organic earnings growth, and was was carrying too much debt from too many acquisitions made over time to paper over the earnings cracks.

I had no idea of the pending shirtstorm that erupted in the subsequent months.


"RHC are good value at the moment old boy!"

I agree.
It is not often one can buy a wonderful business like RHC at a valuation of 10x EV/EBITDA.

And it is not just RHC that has come into fair value territory; the bond market ructions of a few weeks ago, followed by the Trump Tariff Tantrum last week, has resulted in a few other high-quality businesses also ceasing to be overvalued.