Originally Posted by
Blackrose
Cheers Rodger.
I think at the long end of it I will white knuckle my way out of this. I ruefully acknowledge that shares and picking you will get egg on one's face and it is a bit like that. This is my first real reversal since I started share trading. I will probably sell at some sort of loss - eventually but I don't have to make that call "Right Now." I can give it another 18 months - 2 year to wriggle out.
I can grind this out I think but it is the biggest basket case in my portfolio at the moment. Grrr. Still I got the dividend early this year so I was happy with that.
As for "Sharp" - I do appreciate the Warren Buffet advice about moats and SWOT and all that, very 80s mate - blue striped shirts and power suits ahoy. Did I also detect a touch of Havard Business Review Drucker thrown in for good measure? Mmm sexy.
CVT's main strength was in Feb this year the Price per earnings was around 15.7 and gross yield 3.6% Retail confidence in China for the grumpy clean eating health food contingent that eat this stuff from health food shops.
The weaknesses are global warming being what it is; and NZ having various storms and rain meant the bees went on smoko and never came back, then the boffins and MPI discovered a fungus. Things that are concrete and realizable fixes that have a direct impact on share price. Unlike - say really hard to trouble shoot crap like "weak consumer sentiment."
So Rodger is right that I am a complete masochist here with these shares - well that's share markets for you.