RE:RE:RE:RE:RE:RE:DOE latest report - Nickel FrozenInOntario wrote: Hey Strato,
As Rick Rule was mentionning on a podcast about clients with loosing position, in a situation when a stock was way down and they would not want to sell to avert loosing, he would inform them that they already had suffered a big loss and they should decide what to do with the residual value as a stand alone investment.
Rick Rule also mentionned also that he never had a 10 bagger that did not suffer one or more 50% drawdown. However, as with Peter Lynch, he would keep his position or even add to it fi the story has not changed or even iimproved.
As you appear quite negative with the company, what makes you believe that they can be a 10 bagger in the short, medium or long turn ? What part of the story attracts you to Sherritt ?
Personnaly, I like the turnaround and the refinancing angle in a cyclical. So, I like what Binedell is doing with the excess cash flow. And I believe that they can do pretty well if nickel does not go down the toilet. Will see how the story unfolds. If they ever start diworsification, I am out.
GLTA
I have no expectations of a 10 bagger with sherritt. As long as it is caught in the Cuban embargo situation, it will be out of favor. But I see it as a viable business none the less so I'm not selling. A double would be good enough for me. Oh and to get my money back on the bonds which is looking more likely now