Share
clock Created with Sketch.
22/05/17
22:16
Share
Originally posted by smartdude
↑
HC is a wild beast sometimes. Posts delighting at someone's misfortune are really very childish. However, grasping at misguided hope can be very costly.
If someone approached you to buy shares in Co XYZ and told you:
1) The CEO and CFO have just resigned,
2) The last 3 quarters have resulted in $30m cash outflows,
3) The last quarterly rept gave no assurances of current positive cash flows being earned
would you jump at those shares?
In 30+ years of investing my best decisions have been to exit stocks that I have previously bought using poor judgement. Have I ever regretted such a sell? Not once. I hope, particularly for those who claim to own 5m shares, that this will be a happy turnaround story, however, I cannot see that.
There are also opportunity costs holding stocks. I have recovered a reasonable % of my TRY losses on other stocks and TRY has since fallen another 10%.
Expand
The writing is on the wall for TRY. Every warning sign is there. This will surely end up in voluntary administration and by the way the shares are getting pounded the market agrees
There are too many Red flags