TSX:CHE.DB.E - Post by User
Comment by
Khersonon Apr 09, 2021 6:30am
193 Views
Post# 32965084
RE:Where are we now?
RE:Where are we now?Fantome wrote: As many of you know from my previous posts...I have been a shareholder of CHE since 2008..my original buy was at 8 and then bought more in the high 4s during the financial crisis.
Over the past year or so I have stuck with mgt even though my gut feeling was that all we needed was a few more quarters without a negative news and have posted accordigly here.
One of my concerns in the past and one which I relayed to mgt was that I was concerned that news seemed to be leaking out about negative news before the company issued a PR....I am not suggesting that there were insider leaks but the previous examples dealt with the court settlements and there were lots of others involved..my issue was the tardy response by the company to provide a PR to let exisitng shareholers know what was going on.
IMO the latest Q report was terrilbe and the company did not adequately prepare shareholders for such a negative report.
One of my principal decisions/rules regarding whether i hold shares in a company or not depends on my gut feeling whether or not managment can be trusted and whether or not they are acting in the best of interests of long-term shareholders..
After reviewing the 4Q report..my conclusion was that mgt failed on both accounts.
For this reason with a great deal of angts and sadness... I sold my entire position in CHE today
For the benefit of those who remain long....I hope I am wrong in making this decision....but based on my market discipline that I have successfullyt employed over many decades as both an investment professional on the Street and as a private investors...I needed to follow that discipline and move on to look for other opportunities.
Posted February 21, 2020!
As we can now see, Fantome's story has now changed considerably!
Kherson