RE:Rick Rule discuss AbcourtHi Petersburggray . I have listened to Rick Rule (40min) and i concluded that you stopped listening once you got to the 3 min mark.
Yes Rick described a value trap as lifestyle co mgm interested in salary and uninterested in moving assets on.
There was never a mention of Abcourt as an example. Mgm more interested in salary is an interpretation from your part. Has been is also questionable due to Mr Hinse past that hasn't been in the spotlight.and slow movement in advancing projects.
Yes Mr Hinse has taken his time to advance all projects and reluctant to take on dept and that does not qualify as a value trap but as a co precautious and serious in advancing projects without taking unnecessary risk(yes maybe old styte to you, but still applicable today).
If you continued to listen to Mr Rick Rule you could also have concluded that a value trap is
a co that has moose pasture land and no resources in the ground.You could also have concluded that a value trap is a co that has more dept than can ever be repaid.
Abcourt has the resources , land , income , no dept to mention(a few million only ) .
A value trap as you mention could apply to Abcourt for a few descriptions but can realy be negated by all the good assets that Abcourt has.
Sorry for posting as Abcourt or Mr Hinse bodyguard but somebody has to reply to all the posters attacking the co.
Fernand