Thanks Ranjo. Take a look at CEFs (equity) when you have time. They are primarily directed at income investors, you get a very high rate of return and diversification plus you buy at a discount to NAV. Barron's had an article recently about the lack of IPOs of these funds and that some institutions have started buying. They are small and directed at individual investors, mostly retired like myself and because of that quite volatile, many holders head for the exits on any potential bad news. I also partially hedge with QID and made some nice profit from it this week and back in February. Enjoy your vacation!
Take a look at TPCS. It's a turn around story with financing issues resolved and a new mgr that's doing a great job. Just reported good earnings and made a nice move up but I think over time it should perform well. Maybe 400% upside? It's a good tiny little niche company.
My apologies to this board for using it to post a personal message to a long term board buddy.
Unfortunately feelings are no match for using fact and analysis when it comes to investing. Let's wait and see how things work out, good luck to you.
What happened to the online travel agency that was going to be so enormously profitable? Or the undersea cable that was going to be a huge game changer? Or the consumer internet services that fizzled? Good idea's that have gone nowhere. But my point of contention is not the business despite the ineptness in execution, it's the ownership structure that's in place, that was designed to benefit Raju at the expense of shareholders and the reason I post.
You miss the point, it's not about the company making money, it's all about the ownership structure and its consequences in the future.
A decade has now passed since these shares traded for $14.99 with around 33% Institutional ownership and enormous optimism. Even taking into account the over 300% dilution five years ago the shares are now still down 75% and Institutional ownership near zero. Worse still, that high was reached when this company was just a chain of internet cafe's and prior to over $250,000,000 invested in its transformation into the company is it today. The low value and lack of interest from those Institutions previously invested is not a reflection of the business itself but the ownership structure that now exists. Although there may be some trading opportunity this company is in my opinion ( and obviously the Institutions- Hedge Funds, Mutual Funds that invest in micro cap companies etc.) not a long term investment vehicle. Focus on the facts rather than hope and emotion, look beyond what appears on the surface to be obvious for the real reasons for the total lack of interest by those formerly such avid fans, follow the money and be aware it's always the Institutional investors that provide support to a stock never the small retail investor. Good luck to those who may disagree.