Coulda, woulda, shoulda... etc etcOk, so that's now out in the...

Coulda, woulda, shoulda... etc etc

Ok, so that's now out in the open. Coulda sold at $8, woulda sold at $8, shoulda sold at $8.

Right, now what?

Well, lesson learned on this company. So over the past 10 year the company's earnings and share price have both been very volatile. Blind freddy can see that. I plotted all the financial parameters of TRS, and what I've found is that despite the volitile SP and earnings, two things ring true.

Sales have increased relatively steadily, until most recent announcement.

Book value has increased relatively steadily.

So what do we have, now? Well sales are down a bit. The current price is at a steep discount to book value. In the resources world, one invests on discount to book value because earnings are volatile. I would suggest the same applies to TRS.

My lesson learnt. Buy on book value, and at a steep discount. That is how one makes money out of TRS. Might I add that TRS is currently trading at a steep discount to book value?

Food for thought. Do as you all please, these are just musings, not investment advice.