by Travis Johnson, Stock Gumshoe | May 16, 2014 8:20 pm
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Source URL: https://www.stockgumshoe.com/2014/05/brazilian-burgers-mongolian-real-estate-africa-and-ligand/
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Thanks Travis for the update on these speculative stocks. I am waiting for an overall stock market dip to buy LGND. I follow the Irregular Core and Speculative lists closely – will you be updating the list regarding RST, MLRUY and BOBS? or will these remain to be attractive buys on dips?
Yes, I’ll be updating the lists shortly to reflect my evolving opinions — slightly out of date at the moment.
I bought BOBS at your rec. back in mid-April 2013 at c.$11. When management tried to take it private last Sept., somehow that spooked me (incl. the price, which I recall was less than the market price at the time), so I sold in early Oct. at c.$15.85. Thanks, Gumshoe, for that nice rise, which beat SPY, etc. Now of course it’s still higher, at $18.50, but that’s OK, you can’t hope to sell at the top. Obviously I agree with your analysis that it’s time to sell. Given my investing record, however, that may be a bullish sign for BOBS….
Thanks Travis. It’s so useful how you help us all pause from the daily ups and downs of the market to think about our investments in a global context. This site makes us all better investors.
Great article. As one of the new Irregulars I am learning so much from you and the other notable posters here.
New Mongolia CEO Byrne saying the right things today about cutting overhead costs and focusing on revenue-generating activities: http://mongoliagrowthgroup.com/mongolia-growth-group-lays-groundwork-for-strengthened-cash-flow-2/
I like AROFF. Years ago I worked in South Africa with Francis Daniels, who is the Africa Opportunity Fund’s Chief Investment Officer. Francis, a U.S.- and U.K.-educated Ghanaian, is fiercely intelligent, market-savvy, and possessed of high integrity. It’s rare, at the retail level, to be able to invest with a manager one knows personally, and I am glad to have that opportunity (I own shares in AROFF).
Thanks for sharing, Charles. Have never met him, but I like his letters and think they’re running the fund well.
Any idea what has caused AROFF’s rapid decline this month from $1.38 to $1.08?