I doubled down (up) at 70cents. From initial buy at 59 cents.
Todays update gave me great confidence in a 24 month hold. Should be excellent dividends and capital appreciation.
I had a mate that worked in upper management at TWR and i used to give him sh!t about the TWR results each time we caught up for a beer over the last few years.
He always laughed and then proceeded to tell me that internally the business had never been run better with better and better systems/operations and culture.
I think the fruits of those labours are starting to be seen with the expense ratio trending down and automation trending up. As highlighted in todays update.
TWR is in a 'good news up cycle'. My theory is that it is better to double up than say double down on something in a 'bad news down cycle'. Like dont buy cheap FBU, RYM, SLM etc Buy TWR.
Just my opinion. DYOR and stuff.