RE:RE:RE:Shareholders were sheep, BTE took them to the butcher.RagingBull3 wrote:
Did any of those companines Dilute like the way BTE did?
You need to compare apples to apples, oranges to oranges.
How about mentioning all the companies that went to the basement on you.... some go back up, some don't.
Certainly OSB diluted during the reorganization.
I have had 6 bankruptcies: White Rose Crafts, Canadian Fracmaster, Nortel, American Eco Corporation, maybe Gandalf, so long ago.
But those bankruptcies were before I had really developed my thinking on what I do now. So not all of them, perhaps not any of them, would have been companies I purchased multiple times on the way down as I do now.
So there you have it: multiple bankruptcies and top decile (likely) performance at 11%PA over the last 16 years when the TSX has done what maybe 6%PA.
Baytex is actually my lifetime worst result in dollars at down ~$100,000 currently. But I have certainly been down that much in the past on other holdings before they recovered. My bancrupcies collectively cost me about $100,000 too, back when I had much less.
Anyhow that is how I see things. Works extremely well for me, and pretty much not transferable to anyone else, but you never know, maybe someone will benefit.