Homepage
PR Newswire
Pls do your own due diligence.
I'm trying not to fall in love with this stock, but it's like saying after getting married, don't fall in love with your wife... Ha ha ha!! It has been good to me through good times and bad, in sickness (08 GFC) and in health (many-bagger).
However I think because I sometimes trade in and out, I may have eroded my 6-bagger.
I tell myself "Better to pay a fair price for an great business than a great price for a fair business" and that's how I convince myself to accumulate. In fact I've just added on at 11.80 in the recent dip. Partly because I've got capital undeployable elsewhere (property cooling measures), and the other stocks in my screen appear overpriced. At least DF is overpriced but behind the high price is a damn solid business.
I may be delusional.
This post is for sharing and not an encouragement to buy. I disclaim any liability for your results.
[edit] come to think of it, another thing some people may not like is that DF gives small dividends (usually <2% yield). However, it it uses retained earnings to generate better returns (ROE) then I don't mind. After all, this is not an income stock. I have enough REITS and income stocks like SPH for that.
I'm trying not to fall in love with this stock, but it's like saying after getting married, don't fall in love with your wife... Ha ha ha!! It has been good to me through good times and bad, in sickness (08 GFC) and in health (many-bagger).
However I think because I sometimes trade in and out, I may have eroded my 6-bagger.
I tell myself "Better to pay a fair price for an great business than a great price for a fair business" and that's how I convince myself to accumulate. In fact I've just added on at 11.80 in the recent dip. Partly because I've got capital undeployable elsewhere (property cooling measures), and the other stocks in my screen appear overpriced. At least DF is overpriced but behind the high price is a damn solid business.
I may be delusional.
This post is for sharing and not an encouragement to buy. I disclaim any liability for your results.
[edit] come to think of it, another thing some people may not like is that DF gives small dividends (usually <2% yield). However, it it uses retained earnings to generate better returns (ROE) then I don't mind. After all, this is not an income stock. I have enough REITS and income stocks like SPH for that.