Isn't this what a2 shareholders have been saying about their stock?
One company is backed by solid property assets whereas on the other hand....
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
One company has had 4 profit downgrades. One hasn't.
Beagle had recommended selling a2 when it dipped below it's 100ma, to avoid potential disaster. At that point in time there had only been one downgrade.
Just curious as to why the same logic doesn't apply here.
Beagle had recommended selling a2 when it dipped below it's 100ma, to avoid potential disaster. At that point in time there had only been one downgrade.
Just curious as to why the same logic doesn't apply here.
I think that's a perfectly reasonable question and one I pondered myself. Some people will say this is a "very convenient" excuse and they'll get no argument from me because I admit it is a little BUT the plain fact of the matter is OCA at its core is a property company and is backed by property assets, (I estimate NAV as at 31/3/2021 at ~ $1.30). I think that puts something of a floor under their price at somewhere about that level. The breakdown below the 100 day MA is concerning but I usually wait 3 trading days for confirmation of that. In any event its been brought about by uncertainty caused by Gasparich selling shareholders down the river for 30 pieces of silver and is not earnings related, in my opinion.
ATM on the other hand has been talking up the value of their I.P. for years and yet all we've seen is their IP protection is ostensibly worthless as the proliferation of other A2 brands continues to gain momentum. That leaves NTA of $1.55 and only earnings to support their price and we've seen what's happened with their earnings forecast which still looks very optimistic.
In summary, its not all about TA but that's definitely a factor and one I have carefully considered in this case. I'm prepared to wear the risk of the TA support breech indicator and see what happens.
Last edited by Beagle; 10-03-2021 at 12:43 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I think that's a perfectly reasonable question and one I pondered myself. Some people will say this is a "very convenient" excuse and they'll get no argument from me because I admit it is a little BUT the plain fact of the matter is OCA at its core is a property company and is backed by property assets, (I estimate NAV as at 31/3/2021 at ~ $1.30). I think that puts something of a floor under their price at somewhere about that level. The breakdown below the 100 day MA is concerning but I usually wait 3 trading days for confirmation of that. In any event its been brought about by uncertainty caused by Gasparich selling shareholders down the river for 30 pieces of silver and is not earnings related, in my opinion.
ATM on the other hand has been talking up the value of their I.P. for years and yet all we've seen is their IP protection is ostensibly worthless as the proliferation of other A2 brands continues to gain momentum. That leaves NTA of $1.55 and only earnings to support their price and we've seen what's happened with their earnings forecast which still looks very optimistic.
In summary, its not all about TA but that's definitely a factor and one I have carefully considered in this case. I'm prepared to wear the risk of the TA support breech indicator and see what happens.
In any event its been brought about by uncertainty caused by Gasparich selling shareholders down the river for 30 pieces of silver and is not earnings related, in my opinion.
Really? Isn't he doing what a reasonable person would - accepting a presumably better employment offer?
TA is more for trading. I hold companies during rough patches as part of a diversified portfolio if I have strong faith in the company to weather any storm and ALSO if I am appropriately positioned and will never become a weak hand or a forced seller.
Really? Isn't he doing what a reasonable person would - accepting a presumably better employment offer?
Disc: Holding OCA.
A lot of people think the way that EQT went about strong-arming a weak and inexperienced MET board, EQT are a bunch of shysters. I suppose if you have no principle's about who you work for... Anyway, the record reflects underlying profit went backwards under his leadership so its time that someone who knows how to drive underlying profit growth took over.
Last edited by Beagle; 10-03-2021 at 03:28 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by daveypnz
Reply With Quote
Bookmarks