What a shocker! BRM prides itself as a 'stock picker' rather than 'market watcher' in its literature. Takes a special kind of stock picker to pick so many stocks which have fallen so spectacularly:
Credit Corp - from $12.56 to 71 cents (-94%)
Blufreeway - from $2.40 to 35 cents (-85%)
Treasury Group - from $16.50 to $10.50 (-37%)
Oakton - from $6.79 to $3.04 (-55%)
Pharmaxis - from $4.45 to $2.42 (-46%)
What a shocker! BRM prides itself as a 'stock picker' rather than 'market watcher' in its literature. Takes a special kind of stock picker to pick so many stocks which have fallen so spectacularly:
Credit Corp - from $12.56 to 71 cents (-94%)
Blufreeway - from $2.40 to 35 cents (-85%)
Treasury Group - from $16.50 to $10.50 (-37%)
Oakton - from $6.79 to $3.04 (-55%)
Pharmaxis - from $4.45 to $2.42 (-46%)
Maybe BRM should be watching the market instead?
Balance me old mate -- what about WHK Group (WHG) and Vision Holdings --- also heading to record lows
ASB Clients An Unhappy Lot - Courtesy of Eating Barramundi
Originally Posted by ratkin
Have just spoken to somebody at ASB apparantly there was very heavy activity in this float, it closes today and they have been inundated with applications, some are going to miss out apparantly, they sorting through them on a first in basis
First in basis? That tasty Barramundi is looking like ten day old dead fish left on the beach by a well fed kingfisher?
BRM now 52 cents - a loss of 40% plus! And with stocks in the BRM portfolio like CCP, ABC Learning, Oakton and Treasury group, investors in at $1.00 will require 100% return to get their $1.00 back.
Based upon average long term equity returns, it will take about 8 years to get back to $1.00.
Anyone can make money during the boom period. Even the mums and dads got rich during the property boom.
The real test of a great investor is during the downturn period. Fisher Funds has shown they are just like all the other funds managers.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
Anyone can make money during the boom period. Even the mums and dads got rich during the property boom.
The real test of a great investor is during the downturn period. Fisher Funds has shown they are just like all the other funds managers.
Worse I think.
Down 30% for those for bought BRM on the back of 'outstanding' returns in Fisher NZ fund. 'Outstanding' returns brought about by buying more and more of the same illiquid stocks driving the prices higher.
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