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17:18
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Originally posted by Mymom
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Mike if I got in at your entry point, I might feel compelled to not sell. I purchased them at a average of 70c, 4-5 years ago. They were in a bad way and current management were involved in a takeover bid at or around 45c, maybe less. My butt was saved by a substantial holder who rejected the offer. Then came in to place exceptional recovery management focusing on basics and rebuild. Today its a different company, different name, and why I am annoyed is that with the complexity of markets they are currently working in there is just not enough disclosure. I think that if this were to fail, management may come back to the fires and lay blame on forces beyond their control. But this is just my own thoughts. At your entry price its always your call. If you want another opinion seek out another member here who also sold some 18months ago. He was a long termer also. All the best.
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fair enough. in your position it makes total sense. i do hope sales do recover. they indicated to opening more stores this year which is scary considering what is going on, but lets see if that does have an effect.
