What have been your worst investments in the stock market? Did you learn anything?

[Rawz]

Mine is HMY.

The company had a good foothold in the NZ market and then made the typical kiwi company decision to expand over the ditch into the much bigger and harder Aus market.

Management sold us shareholders the dream that the Aussie book would grow quickly and be bigger than the NZ book in no time. They promised to generate cash positive earnings.

Anyways did they do what they said they would do?? Well all you have to do is look at the SP. They say the SP will reflect the company fundamentals. Well the SP is a complete disaster!

[Valuegrowth]

Thanks Rawaz for sharing your experience.

Mine is HMY.

The company had a good foothold in the NZ market and then made the typical kiwi company decision to expand over the ditch into the much bigger and harder Aus market.

Management sold us shareholders the dream that the Aussie book would grow quickly and be bigger than the NZ book in no time. They promised to generate cash positive earnings.

Anyways did they do what they said they would do?? Well all you have to do is look at the SP. They say the SP will reflect the company fundamentals. Well the SP is a complete disaster!