Steve Johnson is too good a stock picker to be down for too long...

Steve Johnson is too good a stock picker to be down for too long and I think they will turn it around, although how long that takes i am unsure. It doesn’t change the fact that the share price was 2.15 two years ago and is now 83 cents. Us long term holders have paid the price for the poor choices they have made. I have about sixty percent of our money in the international fund and about ten percent in the Aussie fund.
Steve was interviewed a few days ago by Alan Kohler and he was very honest about the mistakes they have made. In particular, Forager have bought stocks that have turned pear shaped but have been unable to get out of due to liquidity issues. This has been disastrous for holders and Steve said they will aim to avoid this in the future. This is little comfort for people like me though as we watch our capital disappear. They really should have known this was a chance when buying. At times they seem to almost lack sophistication.

Anyway buying now looks good to me so best of luck.