SGH 0.00% 54.5¢ slater & gordon limited

Going going gone, page-369

  1. 482 Posts.
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    He got in with a minority of the vote, and even then it was only by appealing to the lowest common denominator, makes up stories to pass of as fact, is only wealthy because he inherited a ton of money and even then has been declared bankrupt 3 times ,and now he is in charge of the US economy - arguably the linchpin of the global economy.

    That crash may yet come to pass.

    What that has to do with SGH is that as a publicly listed company with next to no assets but an excessively unmanageable level of debt they don't have the management to steer them in relatively calm times let alone in times of financial duress, and they certainly don't have the economic moat to give them some security should it start getting rough.

    Your investment in SGH is not a quarantined bubble. You are invested in a publicly listed company which is as much at the mercy of external forces as they are of their own bungling. If the company had excellent managers and systems in place to ensure growth and prosperity you could have reasonable confidence in riding it out. But they don't.

    So to be invested in SGH and think that Trump is anything other than a train wreck in waiting whose lack of economic acumen is a direct threat to your holding in this company struggling under excessive debt and totally exposed fas a result of that, is seriously foolish
 
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Currently unlisted public company.

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