o.c.16
I think that the SP would/has drifted down even if management had not sold their parcels . Can you point to one or more events or announcements that would have sustained the elevated SP ?? I can't and that's why I'm relaxed .
I also see the CR as\was a drag on SP.....however I'm glad it occurred when it did in 2015 and not in the not too distant good news months.
abdm confidence is... I think based on the fact ...that we are going to have a few very good announcements and that there is not really any bad/negative news in the way of moving the SP up .
Once the SP is on the move....announcements are out.... and looking at todays sell off.....there is one sector that is not massacred to day.....OBJ is in that sector ! I hate to say it ...but the lethargic year we had in 2015( SP ) may have set OBJ up for 2016 to make substantial gains. By mid year ....investors will be scrambling for companies with OS earnings....again OBJ is in that space. A lot of money is sitting on the side-line ( from our falling resources )....that coin needs to go somewhere soon . RE is going to be on the nose from now to end of 2016 and beyond.
What I can see is that the Chinese and other Asian nation women will still want to look and feel good.
TW
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