RE:RE:RE:Crooks and coReviewed the conference call and results and I still think this is pretty cool business. A few more acquisitions are coming. Thesis is intact, so I bought more today.
Seems like there is some funky stuff going on with shorts and speculators who are tracking the movement of the stock short term too much. To all investors: the market is there to serve you - you are not a servant to the market. Since Mr. Market was offering to sell shares in this business at a low price relative to what I see in a couple of years, I bought some more. When merchandise goes on sale like this, I like to buy.
Another thing I like is that this could be a takeover target. Some larger healthcare player may buy all of CRH at a much higher price. CRH earnings are fine and I think management is good. Another entity will likely love to have them on board. This happened to me before with a small renewable energy player I was buying. For months I would buy and it would do nothing. Flat or decline for months and months. But they kept building out their power plants so I kept holding my nose and buying wondering if I was doing the right thing. One day I woke up, put a pot of coffee on and read they were acquired for 70% premium the day before. This can and does happen.
GLTA