Hi Peter,
Educated and well informed response to my somewhat vague questions. I also subscribe to the belief of "don't try and catch a falling knife" and at this stage of PSA's foray into the Middle East, I fear that one maybe trying to do just that, I'd rather wait until the business is sound and in place make less profit, than to be holding an ill-liquid position at X% down on what I subscribed to. There are plenty of equities we can buy into today that will grow over the next 12-24 months. Is PSA one of these, maybe..but for now I think my harder than ever to earn money should be protected and held for opportunities that represent minimal downside.
I am certainly not down ramping the company nor it's BOD. This is a Geo Political view point, with factors that are way beyond the control of the company.
- Forums
- ASX - By Stock
- PSA
- Tide turning for PSA Production
Tide turning for PSA Production, page-7
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug