NWE 0.00% 5.6¢ norwest energy nl

motley fool, page-48

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    Did not want to start a new thread on it but another nice piece that pertains to NWE in a indirect way..

    From intelligent investor on QBE.. but you can pop NWE in their place..

    "The only thing worse than QBE’s financial performance over the past four years
    is its ‘return on brain damage’ ratio, a term coined by Bill Ackman of Pershing Square for
    investments that simply aren’t worth the hassle at any price. Knowing when to move on can
    be extremely difficult, but for now we’re prepared to give Neal more time to steady the ship.
    Charlie Munger said that ‘[Investing is] not supposed to be easy. Anyone who finds it
    easy is stupid.’ Situations like this explain why, but right now QBE is being punished for
    the uncertainty surrounding its future earnings power. While the risks facing this business
    are very real, it’s the uncertainty that creates the opportunity to buy good businesses on
    the cheap. You can’t have good news and a cheap share price."
 
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