Look here Doc. Management IS to blame for the fall in share price, they control the company and make the decisions, a company is only as good as the people in charge, small, medium, large, extra large, whatever its all the same. An investor/Traders approach is somewhat different as there are many variables that make up a current SP of a company. Time frame and size of an investor is also noteworthy. Even though your a good writer and seem to understand Law, at least better than i
, and probably have been further edumacated than myself you do still struggle with FA, especially with SGH which i do believe you have spent much time reasearching, and if u are not an employee, ( Fee Earner
) in reality its been a total waste of time for you to do so because you've come up with the wrong answers time and time again if we are to believe your stated position in this share. You would have been better off earning fees somewhere, even at the butchers is my guess.
So i'm not trying to be rude but trying to make you realise that your FA anaysis dont work and you need to work out why, which is often hard for over-educated academic people. You have all the info in your head hopefully or at least on your hard drive and to be helpful you need to cut through it, work out what is white noise and what are the points that matter that make the SP move. Unless your writing a book about how SGH operates a lot of the information you dribble on HC is useless to an investor that wants to make money by buying or selling shares. You need to understand the points that matter in relation to your investment, all the ins and outs,( as i call them) of a particular company are of less importance when it comes to investing.
For example, there are many directors around the world that could successfully run virtually any company, within some limits or in a general sense, because they can look at a business and understand what matters are important and apply the same logic as they always do to make the business succesful, they dont understand all the ins and outs of a ducks ar se within the company, they just employ people that do.
You have a great opportunity here to go back through all your BS notes you've made over the last year or so and work out what mattered and what didn't relative to the SP and don't come back and say you have a 7 year plan or some BS because it will only cause you more harm in the future, you have the benefit of hindsight here and no-one lives forever some time is important.
FA is the most important thing to consider, as most would agree, but the FA has to be correct relative to the market as the market is always right on any given day. TA can be very useful, books can speed up ones understanding of it, but nothing consistantly works over time on any particular share which makes it hard and losses will be found if investing solely on TA. TA is for trading not investing in general imo and can be very helpful. Personally i do FA first, then look at the TA for possible entry and exit points.
The FA here is still no good the way i work things out for this company, still lots of risks and plenty other places to be, and a Big CR ain't gunna make the SP go up, even a debt for equity swap at a deeply discounted rate wont help a great deal imo.
However having said all this, i'm glad you can see some benefit in trying to learn some TA and that you are starting to realise you can't fight the market or your peril will prevail, no-one is bigger than the market, not even the BoE or the Jap bank or the Swiss franc bank, and in the future the FED will struggle, the market rules.
Best Wishes,
Fish.
