Originally Posted by
turmeric
All good Dentie,
I think I've been pretty consistent. I own both XRO and PEB and am happy with both investments. The simple difference I see between the two is XRO has a track record of sales and PEB does not. Therefore I see the risks in PEB to be far greater than XRO at this point in time (that may well change though.....)
I didn't mean to sound negative/defensive on PEB today, but "cautious" yes. The caution I was trying to warn on in my earlier post, is that todays announcement really doesn't change anything about PEB in my mind (in terms of the real risks involved in the investment; sales) but I felt like MAC was implying the risks have diminished significantly. That was all really - probably didn't come off well I guess.
My bullish tone on XRO probably comes down to several factors (1) I got in around $1, (2) the majority on this forum have said all along XRO was overvalued, would crash and burn, is a bubble...blah blah blah, (all the way from $3 or so - now @ $19ish ) and I feel I have been one of the few people to try and point out that people might be missing the big picture and (3) I have felt for quite a while now XRO is potentially the most exciting NZ company going around! In saying that, I have always acknowledged XRO is risky, I have not once suggested others should buy, but merely disagreed with those who adamantly say it is a poor investment. (My bullish tone on XRO therefore is probably more excitement than anything and also the fact that I am one of the few people consistently on the thread reminding people they called XRO a flop when it was at $3 ;) )
I hope both PEB and XRO do well but I am more cautious on PEB until they demonstrate the ability to sell in the US.
SNK? Yes well that has been a learning curve for many including me. I'm just glad I got out at 14c+