Very hard indeed to get out as TAM found - without slamming the sp to bargain basement levels.
Which is what gives me confidence with this investment - the investors (Irvin Kessler - 25m shares and Ranjan Tandon - 84m shares) who bought off and took TAM out would have done their homework, well aware of that risk.
In for the ride - RBC's sister company, Tenon and the 200% return it gave some of us - gives me confidence that stocks which are ignored by the market can deliver huge returns when they come good - because the market in NZ is notoriously bad at pricing turnaround stories.
Best example in the last year? Serko - 950% return from its low point last year. How can a market get it that wrong?