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Originally posted by Waldo777:
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At the time of that post, WSI was making strong underlying profits. Subsequently, they have been operating at a loss for the past year (adjusting for JobKeeper since they had no material COVID impacts IMO). I am more cautious because in the past they have been all talk with profitability… if they actually deliver strong results next year then I agree this stock is undervalued and should re-rate to 4-6 cents. But no profit and the stock will be back under 2 cents. I think a strong profit is the most likely outcome though based on my research. It’s all a matter of risk-reward, those of you who have already loaded up are taking more risk but will get a better return than those who enter later on once profits are confirmed. Everyone has their own investment strategy.
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I will admit my strategy is often a very 'balls deep on the roulette wheel' vibe. Been making truckloads from it over the years though so might as well not change it if it ain't broken.
