RE:RE:New sub - 500K bbgudisgood wrote: Also, having such large amounts of money in cash and financial assets is still dragging the operational performance. We have something like 44% of our market value in cash and financial assets!
I think that's one of the main reasons this stock has lagged when the market was rising, but since the market has been getting killed the cash position has been outperforming and keeping our portfolios steady. My portolio has outperformed massively in 2022 mainly from my large position in GUD.
In the end though you are correct. We need to put that cash to work, and this is the turbulence to provide the opportunities. Either through companies like Endo going bankrupt, our own cheap stock or accretive bolt-ons.
I firmly believe this downturn/crash/depression will be what makes the future very bright for Knight.