DSURF-Baker Boys Game Plan is?
Quote:
Originally Posted by
dsurf
yeah I do - seen them in action many times - how long u been investing? See my posts below on this thread before you give me greif! I bought this dog at 2.68 & sold at 2.56. And have slagged it ever since!
posted
04-07-2007, 08:40 PM [B] post #98 WHEN TRADING AT 2.05
Join Date: Jun 2007
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Posts: 351
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At an industry level - rising interest rates and liquidity crunch does not keep the cashflow coming in - hence 4 finace firms fall -over
At a company level - Inexperienced management with no track record and not meeting targets (including the reverse mortage debacle)
- Fractious boardroom
- Split opposing dominant shareholders, reducing any T/O opportunity
I will buy this at a $1.00 in the next 2 years.
POSTED 18/07/07
KJ - The "no cash" does not relate to solvency - I am not suggesting that. It means less funds for re-investment, lower EPS, lower div's etc
The herald article today quoting St Lawrence sums it up well below.
'Flight to quality' tipped to hit all but best finance companies
5:00AM Thursday July 19, 2007
By Adam Bennett
St Laurence managing director Kevin Podmore.
Higher interest rates mean the "flight to quality" following the Bridgecorp collapse will hit finance companies harder than the three failures last year, says finance group St Laurence.
[b]Bridgecorp's receivership has sparked fears that other finance companies will suffer a squeeze on funding as investors divert money to safer havens such as top tier finance firms and banks, as was seen following the collapse of Provincial Finance, National Finance 2000 and Western Bay Finance last year.
Now it can be argued that DPC is a top finance company - however the public are not well informed and think wrongly that Rod Petrovich is involved with DPC. It is not all the publics fault - BKBurger did sell 20% to Petrovich in such a badly promoted deal that the media have been all over it. This deal is why DPC SP has halved.
Is DPC entering buying territory - Not yet - too much bad sentiment re: finance companies.
Will VIK step up and bail them out - No too busy bailing out BIO!!!
pOSTED 28/08/07
pOSTED 31/08/07 - sp NOW $1.40 & FALLING OFF A CLIFF
POSTED 15/11/07 sp NOW IS 95C
POSTED 30/11/07 sp nOW 85C
pOSTED 22/04/08 sp nOW 50C
ETC ETC ETC BLAH BLAH BLAH
So The Baker Boys game Plan is?
& why did you buy this dog at $2.68.
I have been an active investor for 25 years, have not bought DPC, Yet, but you never know....
New management?, one with a vision, in an industry overtaken by failure, which leaves little competition, sounds like an opportunity to me. A big one at about 6 cps. I suggest that a lot of bad news (honest valuations) needs to be announced before the share Price and the Company can move forward togeather. The current share price is well ahead of itself, and due for a bit a correction.
So if you were the Baker Boys, how would you play it?