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19-02-2014, 08:42 AM
Many years back i invested in a s-chip. That time is still not a blown up.
The company hits profit warning reason being due to road work affecting sales delivery. I was naive as i never thought management can get to so low on excuses. However one after another each Q, the excuses come in a string.
Do not be too forgiving on management excuses. Let your SELL action do the talking. Is the procrastination that kills.
I finally sold at a lost - 5 digits. Today that stock is still in the market at a much lower price with hardly any dividends.
One skill i learned from this experience is CUT LOST and the other is Management Integrity is utmost important.
The company hits profit warning reason being due to road work affecting sales delivery. I was naive as i never thought management can get to so low on excuses. However one after another each Q, the excuses come in a string.
Do not be too forgiving on management excuses. Let your SELL action do the talking. Is the procrastination that kills.
I finally sold at a lost - 5 digits. Today that stock is still in the market at a much lower price with hardly any dividends.
One skill i learned from this experience is CUT LOST and the other is Management Integrity is utmost important.