Only if you're trader or a sad sack kinda guy/gal. I will take the 7% yield and pro active enthusiasm of management to refine and grow this company, leading and biggest in its field..
Only if you're trader or a sad sack kinda guy/gal. I will take the 7% yield and pro active enthusiasm of management to refine and grow this company, leading and biggest in its field..
This is a good management always looking to improve and pay good cash dividends so I think treat it as a dividend long hold stock won’t hurts
Wasn't that long ago many were extoling the virtues of their business model being multi faceted. Will be much easier to value now. Just look at earnings from the car operations and apply one or two PE lower than Colonial Motors, (lets face it their track record has been far superior) and QED you'll have fair value.
Percy, I’m a bit disappointed that Todd didn’t sound you out about these changes and get your endorsement
These days it is an imperative to get key influencers on board from day one when you do big things. Just makes acceptance that much harder.
They’ve missed out here ...which is a worry as one of the key platforms for the future is getting closer to the consumer by way of the internet.
[QUOTE=winner69;760909]Percy, I’m a bit disappointed that Todd didn’t sound you out about these changes and get your endorsement
So am I....................
I understand your thinking and if TRA board would have been a bit more committed to the business they created I think the plan would have more than likely work out. We would have seen healthy growth in profits by now.
Sadly as I observed earlier, I can not help but see similarities between the performers of Grant Baker while chairing TRA and the wagging kids at my school many years ago.
http://www.stuff.co.nz/business/indu...Oxford-Finance.
We know what they bought it for, but do we know what they will sell it for??