Without knowing anything else........have you looked at their chart? At least you're getting in near their all time low. Personally, I like HYGS just a tad better, but good luck.
Hey, Gary. Doing just fine. Sold most of my MCP. Just hanging on to 1,000 shares to remind myself what a #$%$ stock picker I am.
They left enough on the table to pay this shareholder $4.25/share since last August so I'm not complaining. In my opinion the management is earning every dime they are paying themselves. As a matter of fact, I took advantage of the current weakness in PPS to add to my holdings.
Yeah, as bad as the loss was, it could get worse. At least now the money is in a stock that gives me a lot better chance to recoup something. Still love HYGS though, but probably already have more than I should.
Thanks, Gary. I decided to bite the bullet on NES and used the proceeds to add to my APO this morning. Haven't even checked what I paid yet but based on what Tex is saying, I'm out of this POS at a huge loss. I'll keep checking in here now and then, but I'd like to see all of you guys over at HYGS.
Beary, THANKS! You've obviously felt a lot of pain with that size holding for 6 years. Hopefully your payoff is near.
By the way, I've had very good luck with APO. Its prospects look brighter than ever but the stock price is currently depressed. I don't think most analysts truly understand everything that they do, and now they're making investments in energy. They are among the best in the Private Equity field. I bought it June 2013 for about $22.50 and it ran up to $36. Since then I have received distributions totaling $4.25/share and it's getting ready to go x-dividend soon. Currently trading at about $24.50
Thanks, Tex. Not what I wanted to hear, but I've learned the hard way not to ignore your opinion. Nevertheless, like Simeon said, I am a sucker for a good story and I see HYGS as a GREAT story with earnings in the very near future.
Thanks again! I don't understand the overall operations nearly as well as you, but I do share your faith in management. So instead of being concerned with the current weakness, I will use it as an opportunity to add to my position. All I needed was a good pep talk. THANKS!
Tex, Good to hear from you. Like Simeon I wish I had listened to you many $'s ago. Oh well, live & learn. Best of luck. By the way, you both may want to take a good hard look at HYGS. Tiny float in an infant industry with a strong & growing worlwide presence. Had a very strong runup a few months back then a big drop. Now regrouping. This stock could have a HUGE potential. I'd be very interested to see what you guys think.
I personally don't consider the low float to be a problem at this point in time. With current conditions it seems like there will be much more good news than bad which can only drive up the stock price. That makes the low float a big advantage IMO. As far as the cash position, it should continue to improve as the backlog is worked out. They may need some cash infusion to support a rapid growth spurt, but that will be somewhat mitigated by a higher market value. That's probably an oversimplification, but it's how I see it.
Thanks, simpleguy. I've had this for a while and been very happy until lately. Although I am up considerably from distributions, it's fallen back to near my cost basis. I have a lot of faith in management but it's not easy to find reliable info on what's going on. May I ask where you get your info on dividends?
Simeon, good to hear from you and cograts on showing restraint. Apparently it's true that a leopard NEVER changes its spots. This time they couldn't even blame the weather.