Yes but I have my own rules for my portfolio which usually mean adding when I am confident and am already breaking my rules a bit on SGH. If the new plan isnt a shambles and the debt reduction is plain then we can settle into the clear blue sky bit for a few years where we are investing in potential and growth. If that is what pans out it would still be worth adding at 8 times the current price. If NIHL and 15 month cashflow turnaround isnt sweetness and light the risk is the likes of Redde will play cathchup.
I remain fairly confident that the debt level can be reduced to $500m and that SGS can be highly profitable. But that is on paper and I would like to see it before further additions. Greed and fear.
mel
SGH Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
