OTCPK:TNGZF - Post by User
Post by
TheActuaryon Apr 19, 2016 4:44pm
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Post# 24785664
Sold my position today
Sold my position todayI still think that this a solid company with a lot potential but I decided to sell today my position. I did more than 50% of return not even taking into account the dividend and it was time to take out my money and watch from the sideline.
In the next financial statements, we'll see how the less rated investment are involving. Also, I'm a little worried that the market overreact if they lose $1M-$2M in one of their investments... If this happens, I will happely get back in at a more appropriate level.
Today valuation is very fair and the reward risk is no more worth it in my view. I'm still not convinced that this type of business is scalable.
GLTA