Luckily the trend is still not at the end
Quote:
Originally Posted by
Snoopy
A hindsight view of history decouples the period risk factors from what was has happened to the share price since.
For those who have forgotten, there were serious problems with the 'non-core' (sic) property portfolio at the time Heartland was at 43c. It wasn't just management skill that got HBL out of their difficulties either. Sometimes when a company gets into trouble you bet and win. Other times you bet and lose (as happened to me with Arrium). At the time of any investment, the final result is not determined.
I am happy with the risk I took in upping my Arrium shareholding at the time, although I am obviously not happy with the hindsight result. No doubt many here are happy with the risk they took in investing in Heartland. Good on those who have done well in Heartland. We need risk taking investors as well as boring investors. But don't let the rise in share price from 43c to '$1.80 odd' blind anyone that the ride was not a little bumpy along the way. And don't think the share price going up on no news means your investment risk is getting lower, when in actual fact the contrary is true.
SNOOPY
One does have to wonder at the current share price given the consensus earnings forecasts for the next few years.
Surely, one can say that, currently, it is fundamentally 'over-priced' using any sensible metrics.
Best Wishes
Paper Tiger