LNC 0.00% 99.5¢ linc energy ltd

Yawn. Suggesting that incorporating bearish opinions is in some...

  1. 257 Posts.
    Yawn. Suggesting that incorporating bearish opinions is in some way inherently bad is a flawed approach to investing. The whole point of these forums is to get other people's opinions to make more informed investing decisions. All that is gained by only gathering bullish opinions on any given stock is a positive feedback loop, ignoring the risks inherent in any investment.
    With respect to LNC, several weeks ago I formed the view that its cash balance was not sufficient to fund interest payments and the upcoming capital programs (Umiat, Gulf Coast, UCG) and so a capital raising was likely (given that debt was already very high in my opinion). They subsequently announced a proposed capital raising as part of the SGX move. Is forming and sharing such an opinion the action of a 'troll', or can it facilitate more informed decision making for those who choose to listen rather than focus on the sentiments of only those who are long the stock?
 
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