SBM 1.95% 37.8¢ st barbara limited

tim lehaney took too much risk, page-12

  1. 1,651 Posts.
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    Chriss I sold out at 91c after buying in at 1.71. I had multiple opportunities to get out at a profit and I didn't. In short I am pretty angry about the way I traded this stock. Thats my context for you.

    As for Lehany, he made a critical error in paying top shelf prices for ALD's assets when clearly it is a turn around story. This is the kind of mistake that is unforgiveable of management IMO.

    I hope I am proven wrong and you all make bucketloads, but with low quality management its hard to see it happening.

    Just glad I only had 6% of my portfolio in this one. Still hurts though!
 
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