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Most honest and smartest post from a non-holder we've had on...

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avagadro

13,164 Posts.

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23/01/18

09:28

Post #: 30488251
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Originally posted by mal85 ↑

Let me preface this by stating that I absolutely have no idea on what side of the fence the truth lies. I am an interested observer for now. GSW has never met my investment criteria to date.

I would say the following for people that are new to the game from someone who has made many mistakes before (and continues to do so) and who considers themselves a value investor (not technical trader only).

1. When you pay a great deal for a stock based on valuation grounds, you expose yourself to much greater downside risk. Consider what the risk is if execution does not happen to plan. In my experience execution never happens to plan. Even companies with near flawless execution have had periods of major pullbacks when valuations are stretched.
2. It is ok not to know. You (hopefully) make the best possible decision available to you at the time. When new information becomes available, better performers use it to refine their investment thesis-ie could I be wrong? Has my investment thesis broken down? This applies equally to those who are bullish and bearish on GSW.
3. The easiest way to dispel doubt about the contracts is actual revenue growth.

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Most honest and smartest post from a non-holder we've had on GSW.

I wish I could give you some sort of medal.

GSW Price at posting: $2.92 Sentiment: Buy Disclosure: Held
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