*Alpha promptly leaves the country and does not respond to calls.
Printable View
Initially I was skeptical of the effect of share consolidation on investors, but more and more I think it may prove to be a stroke of genius. The optics of a company valued at $2.50-$3.00 per share looks better, the lack of supply puts upwards pressure on SP, EPS etc all look better. Overnight it seems like a new company. And for conspiracy theorists it looks far more attractive as a takeover/merger prospect. Win - win ???
Focus on the fundamentals, anything else around market psychology based on optics or other possible ‘events’ are a distant secondary and just a bonus if it happens.
As John Templeton often pointed out - it is the earning power of a business that will ultimately win out.
This has been my thinking since investing in Sky - although it is taking slightly longer to play out than I initially anticipated! 😅
Some sell orders at $8.69 :O