I think NXT is a wonderful company and as far as my portfolio is concerned relatively low risk. I can see this one growing and growing. I hate it when these companies have rights issues that I am keen for and they drop below the issue price. In the case of NXT, I didn't buy in and it dropped ten or so cents more. Now up 10 % which is great for all those who bought in. I already have a fair chunk of these so I am not losing sleep. I am holding for at least a couple of years and then hopefully someone will want to buy them out for a premium.
Oddly, I also hold sxy, which is another fabulous company. They just had a rights issue at 74 cents. Great value as they were $1.20 not long ago and they are a magnificent company. I bought into the issue even thought they went down to .73 from about .90 and they are now as low as .68. Sleeping okay on this one though as sxy are my top pick in my portfolio.
Best of luck mashes. I'm tipping $2.50 by years end for this one.
NXT Price at posting:
$1.98 Sentiment: LT Buy Disclosure: Held
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