RE:RE:RE:One weary investor to another Stratochief, That's an honest take if brutal to hear. Explains your frustration with S. I hope you've done alot better with your overall investing. I think we all as investors have suffered from bad decisions at one point in time or another. Oh and analysts? I never rely on anything that comes out of their mouth. The only reason I look at their reports and price targets is to compare with my own views.
I'm lucky to be sitting pretty much at breakeven on S after 13 long years, all things considered. Apart from the horrible decisions S has made (and there are so many), the chokehold of USA on Cuba is clearly weighing on the opportunity here. I don't know how S gets out of this hole, but after this long (and S a minor holding for me), I am holding until I see a 5-bagger or nothing. I am stubborn too I suppose. Anyway, good fortune and health (which matters alot more) to us all.
Stratocheif wrote: I got into this company with a major bond purchase 12 years ago. Kinda naive at the time....just went along with what the brokers and the analysts were saying at that time....sherritt is the best investment to make and thier bonds are unmatched for interest rate and safety. The major Canadian banks had them in inventory and were selling them to all thier clients. I remember calling rbs securities a couple of years ago to see about unloading some of my sherritt bonds (at a loss). The bond trader there asked me..wow who sold you that junk. I was tempted to say you you idiots but it's a pointless exercise. I've made numerous errors over the years not unloading all my bond position hoping the company improves so I can get back all my principal. That ended last year when they stole half of the bondholders money. At this point I don't have any incentive to unload the bonds as I weigh the huge loss I'd lock in to the eternal hope that things may get better. I have also bought shares and warrants from time to time seeing how much they've dropped but that hasn't yielded any results either. That's why I'm always bashing this company because it's one thing to buy stock understanding that there are significant see and unseen risks. It's another thing to buy bonds rated as among the best and seeing ur money disappear. And think about it. It's been a loooong time this company has been sliding towards failure...not a few months or even a few years. With each passing negative quarter the prospects of the wonderful resurrection dim a little more. But I'm stubborn and "stupid" and refuse to take my huge loss and leave.