SNC 1.56% 79.0¢ sandon capital investments limited

As to why they hold YBR, in part because they probably can't...

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    As to why they hold YBR, in part because they probably can't sell it, like some of their other positions to a degree they are stuck there. That might be a good thing, it might not be.

    I know it isn't convenient and not the same thing, but just food for thought.. My guess is if one made their own similar portfolio of these positions and did nothing for 5 years they would do better than SNC over the next 5 years. Fees matter.
 
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