Yes, they usually disappoint in unexpected ways :p
Disc: Still hold, but I don't know why.
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I'll give you a hint as to why I hold OCA. It has to do with their billion dollars in interest free non callable loan (increasing at ~20% CAGR), another half billion in low interest loans which average well below inflation, and billion dollars in equity all currently being traded on the market for $520 million.
But feel free to sell this $2.5 billion investment vehicle for $520 million, I certainly wont object.
BP provides useful information and analysis. Perhaps reflected in his reputation. If you have disagreements, beware of throwing the baby out with the bathwater!
The number of resales is key to how good or bad the the half year result is going to be …good margins on resales these days as most would have been last bought when prices were a lot lower than now
Can't someone just email and ask? All this speculation is killing me.
Wouldn’t that be nice…but alas they don’t give out stuff like that .
Something to do with not letting out info unless everybody gets a fair suck of the sav.
Thats something I think we all really like about SUM and ARV . Their public updates. It is adequate however these days, to overlay their experiences onto OCA.
Yeah I know. I do appreciate the insight given. Thanks.