Q: Good Morning 5i team,
Being an inexperienced (aren't we all) investor, one of the hard lessons I have had to learn (and am still learning especially on BNN) is not to believe everything you hear and/or read. Apparently, it is my own human nature that lends me towards wanting to believe a pundits excitement regarding the future of a company and the story he or she tells about a bright future and why a stock will go up 30% in 6 months. No question it is this behavior that is what truly makes 5i so invaluable to me... a sound and unencumbered opinion absent of ulterior motives purely for the purpose of keeping my eyes open and my gullible side in check.
As an example, I have just read an article about MDR. And from what I read, this company'is incredibly undervalued and should triple an investment within 6 months if not sooner. According to the article, they have tremendous backlog, ($4BB) tons of cash on hand, price to earnings ratio of about 5X, and it is at a tremendous discount being down over 70% since mid June. Further, it looks like an excellent take over candidate.
I was lucky enough to sell about 70% of my energy sector holdings (did especially well on Rock) back in Sept and am sitting on a bunch of cash.
Can you please tell me - especially considering your last opinion of MDR Aug 2013 - why I shouldn't put 5% of my portfolio into this company then sit back and watch my money triple in 3 - 6 months?
Thanks for all you do
Yours Truly, Gullible Gord
Being an inexperienced (aren't we all) investor, one of the hard lessons I have had to learn (and am still learning especially on BNN) is not to believe everything you hear and/or read. Apparently, it is my own human nature that lends me towards wanting to believe a pundits excitement regarding the future of a company and the story he or she tells about a bright future and why a stock will go up 30% in 6 months. No question it is this behavior that is what truly makes 5i so invaluable to me... a sound and unencumbered opinion absent of ulterior motives purely for the purpose of keeping my eyes open and my gullible side in check.
As an example, I have just read an article about MDR. And from what I read, this company'is incredibly undervalued and should triple an investment within 6 months if not sooner. According to the article, they have tremendous backlog, ($4BB) tons of cash on hand, price to earnings ratio of about 5X, and it is at a tremendous discount being down over 70% since mid June. Further, it looks like an excellent take over candidate.
I was lucky enough to sell about 70% of my energy sector holdings (did especially well on Rock) back in Sept and am sitting on a bunch of cash.
Can you please tell me - especially considering your last opinion of MDR Aug 2013 - why I shouldn't put 5% of my portfolio into this company then sit back and watch my money triple in 3 - 6 months?
Thanks for all you do
Yours Truly, Gullible Gord