RE:RE:RE:So Quiet You Can Hear a Fish FartIt has been 3 weeks since the last press release from WELL. The other month like this since I have been following this stock was June. On June 1 they announced the investment in Indivica. These investments take a while to be digested by both companies. The only other press release that month was the postponement of the AGM. You can only do so much and setting up for an AGM can be busy as a company must do its paperwork for the future and set its visiion for the future.
The next press release announcing an investment was the buy into Cycura on July 8th. That was just over 5 weeks after the Indivica investment.
My point is that the investment into Circle Medical reads to me like it is a substantial investment with many tines. This could be one reason why investors need to be patient.
On top of that, WELL has chosen September 30th as the date to hold the AGM...we just got the circular yesterday. They promised that it would be held before the end of the year. That should leave the rest of 2020 free to focus on more acquisitions to park the money that they have raised and freed up by paying debt off.
When it is quiet like this gossip gets going. BNN is just one big gossip pit. I cancelled it on my TV and look at it for info on how the markets are doing through the day. With no volume on. To be a good investor you need quiet and to lock out the noise like the babble about Stephen Takacsy. He lives in a different world where the goal is to not lose money. WELL is about looking into the future and seeing an opportunity. As was pointed out, analysts like ST do not see a Shopify coming from a mile away and still would not buy into companies like them because they don't follow the rules of value investing.
The third thing distracting markets is the Politics. There are 2 major federal announcements today so that should affect things for the next 36 hours.
I won't add to the noise and speculate about what will happen going forward other than WELL should be back building its business with new investments in the very near future.
If you want to trade on the dip, fill your boots but please don't clutter up the BB with your woes or successes. It is just a lot of noise that we do not need. And don't get all anxious and wet your pants and sell.
I will close with an analogy. In the movie Schindler's List, Oskar Schindler was the flamboyant face of the company producing supplies for the German Army from the camps. He did the talking and the wining and dining. The character Itzhak Stern was the accountant and person who took care of all the logistics. He was never seen by investors or the deal makers.
Every company has these two faces. One does the deals and is on the press releases. Behind them are the people who work diligently on the logistics and paperwork that all companies have to do. With WELL rising to the TSX, there is volumes more paperwork and bureaucracy and auditors to deal with.
TTT
Things Take Time