I think you are definitely onto something, despite there being no improvement in price sine you posted this. The aquistions appear on paper to be fantastic. Usually below net assest value and low earnings multiples.
The management are clearly aligned.
I think this is a turn around story and your analysis will be correct.
Fantastic write up! You never disappoint in your ability to expose undervalued gems! What brokerage account did you use to buy CRU?
I recently opened a Fidelity account to purchase some international stocks... but, it doesn't allow trading on CRU, even though it allows trades on other AIM equities.
Fan mail: I love this idea in particular and your newsletter generally; I'm so -- so -- tired of macro... dudes just vaguely opining on "the market", the Fed, etc etc etc with no edge, nothing actionable, and no conceivable predictive value. I'm so eager to sidestep all of that and just focus on specific, out of the way opportunities where we can pick unfair fights because "the market" isn't paying any attention. So thanks for this.
I see your last comments on the company are from last August. The price has come down a lot since then. Are you still in? I'd love to hear your quick updated thoughts
I think you are definitely onto something, despite there being no improvement in price sine you posted this. The aquistions appear on paper to be fantastic. Usually below net assest value and low earnings multiples.
The management are clearly aligned.
I think this is a turn around story and your analysis will be correct.
Fantastic write up! You never disappoint in your ability to expose undervalued gems! What brokerage account did you use to buy CRU?
I recently opened a Fidelity account to purchase some international stocks... but, it doesn't allow trading on CRU, even though it allows trades on other AIM equities.
Excellent work !!! Congratulations
Fan mail: I love this idea in particular and your newsletter generally; I'm so -- so -- tired of macro... dudes just vaguely opining on "the market", the Fed, etc etc etc with no edge, nothing actionable, and no conceivable predictive value. I'm so eager to sidestep all of that and just focus on specific, out of the way opportunities where we can pick unfair fights because "the market" isn't paying any attention. So thanks for this.
I see your last comments on the company are from last August. The price has come down a lot since then. Are you still in? I'd love to hear your quick updated thoughts