I recall a conversation with a friend several year's ago, I was commenting how hard it was to find listed companies of commensurate quality to ARB in which to invest more funds. He plainly said "that if ARB is the best investment, then load up on them and forget all the inferior companies." We're all told to diversify, and I had been mindful not to plough too much into a single stock. But I had confidence and conviction in the company, and fortunately doubled up at $5.80. They are now clearly my no.1 holding, and I'm thankful for that friend's encouragement.
Congratulations on having the conviction to double up on ARB at $5.80. You had been amply rewarded and will continue to be.
It is interesting to note that companies that require minimal amount of thinking and analysing, can actually produce the most financial rewards for the patient investor.
Re: NCK, are you also a holder? That one definitely has much less worshipers than ARB!
ARB Price at posting:
$16.74 Sentiment: Hold Disclosure: Held
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