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CFGL fell from a 52-week high of 85.5 cents to 31.5 because before acquiring Copeinca, it was doing badly. The greatest challenge in this acquisition is whether what is essentially a Chinese company can integrate and synergize the fishing operation of a Peruvian company and do well. My own assessment is that the jury is still out, so though I am vested (I'm a newbie and my valuation skills were terrible then), I dare not buy more. In any case, after all the hullabaloo this morning, the share price has only risen 1 cent from yesterday's closing, so you won't lose much if you dive in to get some more now.
2014-02-07 14:03
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BHSL
why ?
2014-02-07 12:08