Good on Kinghorn I say. Why? The 1st sniffles of the credit crunch in the CDO's was in March....so people had plenty of warning (if they did their research). Secondly, there was a released a papery, thingy-me-bob called a PROSPECTUS. This clearly set out the risks involved with Rams, especially, borrowing short and lending long. But i guess nobody bothers to read the boring stuff up the back, anymore! Lastly, if the Founder of Rams (albeit any company) is selling 80% of their holdings, then generally you would presume they feel the stock is well priced (if not over-priced). Good luck to Mr Kinghorn, just wish i was as smart as he is!
RHG Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
