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Sunday, March 22, 2015 3:32:54 PM
Frost can always increase his position if he finds it worth it, at a lower price....billionaires jump in and out of their positions too, there is nothing that forces him to stay in it when the stock is temporarily overvalued.
That said, just because a stock goes from $14 to $3, that doesn't mean it may not be worth $20 one day.
If Musclepharm succeeds in increasing revenue while reducing costs...then the sky is the limit.
I have owned many stocks that I picked up at rock bottom and that then went back up again. I can mention Credit Agricole, that I bought for EUR 5 and sold for EUR 10...and now I think it's worth EUR 14. I bought Bank of America at $ 5 and sold that at $15.5.
What matters to me, is whether the business is viable. I believe, based on the numbers and strength of relations Musclepharm got that it can make it big.
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