It has certainly been a good run and surprising how well its held up post raise. That tells me, that at least a reasonable portion of those that came in on the raise may be here for longer term than most cap raises. Listening to the RAAS chat the other day, it became more evident that these guys are in this for the long game and have had the nouse to see where regulation and government have been heading with super and pay.
Valuation based on earnings now is probably at the upper limit, barring any left field news, but it is clear to me that if they keep doing what they have been doing, this is going to grow into quite the player in this space, and ripe for a premium takeover price at the right time.
Any pullbacks I will add, but existing holdings not going anywhere.
WRK Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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