Well if two people each had $100,000
And one bought OCA on IPO, the other bought Ryman,
One would have $65,000 now and the other would have $48,000. Dividends not factored in.
So the $65,000 has outperformed by a fair amount.
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Yeah, like I tried to say, both SP's are fecked, but I don't care about that too much if I'm not selling, or better still buying! When I got into the RV's and OCA in particular, I would have never thought SP would be so volatile, it seems every year we have a one in a multi year calamity, Covid, property market collapse, recession, you name it.
All brilliant opportunities to accumulate for the long term, didn't expect that either.
Not quite.
It's not lost if the intrinsic value hasn't really changed.
When I got back to my mooring only to find the mast poking out, if I refuse to sell then it doesn't mean I havent lost
The not selling part has nothing to do with having lost or not, plenty of companies down 95% plus and will never recover, the person who hasn't sold has still lost 95% of their cash.
In this particular case I agree, asset value and float and cash generating ability is most likely higher now than when the SP was much higher.
Just like people saying you've made nothing unless you have sold for cash. Well try telling Warren who has never sold a single share.