smartinvestor...you have identified vpg as the biggest dog... I just got stopped out because there is only so much I'll suffer and I guess I'm a little angry and could maybe agree...but I too would be wrong.
VPG is for a thousand reasons identified by many of those who have thought for more than 2 nano seconds and presented their findings here on HC a reaosnable stock. Jesus is not making more land; tenants will need somewhere to live; cash is available; they are not in breach etc etc etc. NTA oozing like there is no tomorrow.
There is a dog and it is the market... at two levels.
The financial mayhem seems to have no bounds.Fear is a horrible emotion which leaves any rational behaviour at a distant. I could accept a comment then that this is a dog of a market.
The second level is the ASX. It astounds me that companies can trade at such a discount to their fundamental value. We can all argue the toss about this valuation and that valuation, but you can never reconcile a share price at 10 cents in the dollar. Look at CFE...NET cash backing greater than its total market cap...by multiples. How can that possibly be described as a rational informed correctly functioning market? I'm happy to accept that the ASX is a 'dog' of a market.
Lastly, to date I have ignored the myriad of conspiracy theories about VPG being slammed to suit personal causes...at times I'm not sure this is a correct conclusion. I can accept that the ASX generally and certainly VPG is vulnerable (easily) to manipulation. Again the ASX (and more indirectly the ASIC) have I think an accountability in this area. I'd be ready to consider a comment like the regulatory regime is a dog...
But describing VPG as a dog of a stock is I think an emotional blurt...nothing more nothing less.
The above are my thoughts. DYOR ...
VPG Price at posting:
3.1¢ Sentiment: Hold Disclosure: Not Held