Well spotted, W69.
Can fool some of the people all of the time, and all of the people sopme of the time - BUT not ALL of the people ALL of the time.
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Top post mate, you're on to it ! Creative accounting at its finest...all for their largess incentive scheme of course. This is pure naked management greed dressed up as something that will transform a business that's effectively a very old sheep into a fresh young hogget. This is beneficial to shareholders, YEAH RIGHT, where's my Tui ?
Mauro I would get out. Dont buy any retail stocks ,to much challenge from online especially with no GST on items under $400. Get another broker /advisor.
Thanks Beagle, I've been reading the forum for a few years but I couldn't join (e-mail address provider restriction until Vince sorted out for me).
You know the funny thing? at the time of getting the recommendation from the advisor I wanted to buy HLG as I like the business and I've been a customer of them (despite I could see a decrease in quality of the shirts). And I've got recommended WHS, and surely now I regret. I have to say I new very little of the ratios at that time but I guess still lack of experience played against.
Just thinking that I've paid $3.74 and never got any close to is a bit frustrating. But I have to say I didn't want to sell as I thought would be a temporary down as for instance HLG had it lately. In fact just checking a 2014 report when HLG had a price of $3.10 :S which at that time was similar price of WHS and Craigs recommended to hold it.
You're welcome. Really good idea as a newbie around here to go back to the start of the thread and read the whole thing to get the real flavor of the stock.
I don't want to make disparaging remarks about Craigs because more often than not they make good calls but like the rest of us they don't get every call right that's for sure !
Sometimes it makes more sense to simply cut your losses and look for something that's going to grow for you. All the best.
Mauro, years ago when I was overseas and had some funds under management, Craigs put me into WHS at the height of their powers. Similar result and while I've tried to banish the memory, I think it was a circa 40-50% capital loss.
Overall, at the time under-performed the market. Like what the Beagle says, they have good and not-so-good selection, and also not trying to be disparaging.
Yes, wise words from the hound there, Mauro. In over 50 years of investing I've found that taking a loss is still the hardest part of the business. There's always some rationale that can be found to justify hanging on for the recovery! In my own case I left it too long with WHS and suffered accordingly, selling out about a year ago.
Still trying to "let my profits run and sell my losses".
I keep most of their reports and all of them recommends HOLD. I guess I should have considered Nigel Mccarter rule (from his book 4&20 Rules) when says "if the share price drops by 30% from the 52-week high, sell". My guess is because my position is not big then I will hear something just if I ask. Though I've learned through this forum not to take it blindly their recommendation but I acknowledge I've been slow to react.