Sp closed at 2 year high on Friday.
A very nice 110% return from when I bought last year.
Remember the old saying - when everyone is negative, back up your truck and load up.
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Well I’m not, that’s for sure BB. I was going to add to Balances post....
“if you are sure of the company and it’s forward prospects.”
I to am very happy with my FBU investment (+125%).
I can’t see this happening for ATM...but I’ve been wrong about them quite a few times.
Good old saying, yes ... and as with any other good old saying, sometimes it does works and sometimes it doesn't :):
Add to that a selective memory remembering only the times when it did work and they are perfect these good old sayings, aren't they :p?
BTW - hard to hold these days any shares which didn't significantly appreciate over the last 12 months ... but I am sure the Covid bearlet last March had nothing to do with it. Jut checked the Mainfreight shares I bought last March - up nearly 100% as well - and they paid a dividend on top of it! But hey, no need to be smug:);
Yes, everyone has some good picks, and surely has some bad picks. No need to be smug on good picks.
Jeez - did you loose this morning your last tooth when trying to chew the porridge? I hope it doesn't hurt that much anymore.
I didn't claim doom and gloom - but you did for FBU. Are you now telling us that all the FBU doom didn't even provide a premium for you? I am really disappointed, balance ... that's not what legends are made from :p;
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Just compare the SP of the doomed company you proudly and bravely picked up with the SP of an good old performer everybody else could make money with ...
BTW - MFT paid dividends, FBU didn't ...
Eh, what's your point about MFT then?
You are trying to compare a stock like MFT with FBU when MFT did not suffer from the doom & gloom which FBU suffered from - hence providing the opportunity.
This is what I posted above so hope you have your glasses on :
I could point to HLG which has also delivered in gains like MFT over the same period as a comparison, and others could do the same with any number of stocks.
Therein lies the difference between what I posted about FBU - when a stock with sound fundamentals is trashed with negativity by the market, and that's when you load up on the stock.
MFT never suffered through that negativity which you have now confirmed. Different basis for investing.
Sounds like you have your wires completely crossed this morning, BP? Wifey did not clean your teeth after breakfast for you like she usually does in the morning?
Read what I wrote back in April 2020 :
No hindsight stuff with me, BigBob unlike others.
That's not to say that FBU did not create some concerns in the course of 2020 - sure it did and I posted accordingly.
As for ATM, it is a stock totally dependent upon China for its performance and as we found out in the last 6 months, without a clue how dependent it was and still is on the opaque Daigou sales channel. There will be a time to consider the stock - when the new CEO articulates his vision & strategy and a clear sp uptrend emerges.
Cool eh Balance
Just had to get the past out of your mind and think of the future prospects when all the past issues had been sorted
It was more likely to be a good story than a bad one ....and it's getting better by the week
Couldn't guarantee 100% returns but rewards outweighed risks by a lot at the time (that sounds better than taking a punt eh)
But BP will contend we couldn't predict what's happened
Not quite 100% yet (bit late to party) but I'll join you soon
https://fletcherbuildinginvestorday.gcs-web.com/agenda
5 hours, 11-4pm
Pretty solid commitment by FBU.
You'd almost expect an Upgrade on FY 21
Might hit 8 handle in time for investor day at end of month.
Any news today? or is a 3% up day on no news not that strange for FBU?
(I'm a recent investor)