Peejay I posted on this recently when I finally exited this stock. The trend has been down since 2016 and there has been several years of severe under performance. I would love to be able to say that I was wrong but this company is not making widgets.Market conditions , competition, economic conditions or other headwinds which might effect another company do not apply here.
Performance is dependent entirely on the skills of management stock picking
Earnings have been declining since 2013
What is the value of an LIC which loses money and will potentially stop paying dividends.at some point in the future based on current trends with no immediate talk of winding up the fund to recover shareholder value.
Just my thoughts but I have voted with my feet leaving behind a huge percentage capital loss.
Or on the other hand you could say that this will be the year that 8 consecutive years of under performance will be turned around. Maybe Karl will have an epiphany ( a moment of sudden and great revelation or realization.) and all will be well.
I choose not to put my faith in the latter.
CDM Price at posting:
75.0¢ Sentiment: Sell Disclosure: Not Held
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