RE:RE:RE:RE:RE:RE:RE:RE:NR. First, some perspective. I like to invest in far-reaching, powerful, and durable disruptive trends. I like to be a couple of years early so I can slowly accumulate large positions. I spend most of my time making sure I get the trends right and understand if they are accelerating or leveling off. I buy a few visible leaders in the companies that benefit (RAVN, AVD, others). Them I look for the Ten Baggers. I have a strong financial background so the analysis is not much of a chore. Gathering insights and opinions from knowledgeale sources and judging relevance and validity is. My holding period typically runs about eight years.
I also put a lot of effort into trying to understand management. Have they been successful? Can that success easily translate into success at the job they currently hold? What do former associates have to say about them? Is this consistent with how their current associates see them? Are they confident? Are they disciplined? Are they strivers? Are they bigger than the job? Do they have a plan that makes sense in the business environment (bjg trend) I expect? Are they flexible enough to change if the opportunity set changes.
Also, I love "arms merchants", less the warriors they arm/supply.
This said optimism at/about AJX is justified and progress is underway. Everything I hear and see points to this. I am not concerned about cash burn. If they need money there are all kinds of arrangements/deals they can make. I am not concerned about a lack of announcements. I love companies that keep their mouth shut for competitive reasons. My largest position (outside of Ag) never makes an announcement unless it suites their BUSINESS purposes.
Shareholders hate this. Company management does not care. Stock is up 500% over the last couple of years after a long period of stagnation.
I have hundreds of data points (observations) on AJX. They are going to be fine. If not, in a wind as strong as Precision AG (automation/autonomy) even turkeys can fly.