GREY:CHOOF - Post by User
Post by
npilgeron Dec 16, 2021 2:13pm
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Post# 34237800
Lots of speculation
Lots of speculationI sold out at a loss to buy a winery - now I am buying back in (100000 shares at $0.04). It is possible this will go lower, if it hits $0.03 I will pick up another 100000. Why invest in a company whose stock value is dwindling down? Well, they have tangible assets. Unlike cryptocurrency, there is inventory, there are brick and mortar shops, and like a good company they are reinvesting all profits into expansion and development. This means next to zero taxes for them, but also zero return for investors. Bottom line is that if this company sinks (unlikely) then it will get bought up and the share holders should win. The next 2 shops (Ottawa and Kitchener) will add value to the company, albeit at no short term benefit to the shareholders, however such expansion adds interest to foreign investment, and potential takeover bids. I hope it continues to develop (and not decline) but no point in selling at a loss unless you have something spectacularly undervalued that you can move your money into.