@MarsC A fellow, long-time LYL shareholder contacted me today to...

@MarsC

A fellow, long-time LYL shareholder contacted me today to point out that LYL's stock is at an all-time high.

While some people find such a stat to be somehow meaningful, to me it has no real significance (after all, there is nothing at all magical about the $7.20 - it's just a number).

But I have to concede that it did prompt me to take a hard look at the investment attributes of the company and the valuation of its stock, and whether it warrants continuing to own the business (ignoring the CGT implications for a minute).

Part of the exercise involved me going back and visiting my initial thinking, when I first started acquiring shares in LYL, some eight years ago, at a time when demand for LYL's services had severely contracted and the company was basically making no money.

I use HotCopper as a bit of a repository for file notes on stocks, and while going back and revisiting my initial investment thesis, I found this post from you at the time (I recall you becoming a LYL shareholder about that time):

https://hotcopper.com.au/posts/16928848/single





In the context of the ensuing history, it was a most prescient post.

Who back then could possibly have envisaged the kind of journey which LYL shareholders have subsequently undertaken?

.