It's ok worthy you got to take a chance sometime.. it might paid off it might not.. but at least we're not buying stocks like CPTC (clearly no revenue whatsoever and churn rate 12M run rate a year)...
if management lies on the numbers, tough luck. but based on the numbers, these 2 stocks are unbelievable.
remember what buffet said, be fearful when people are greedy and be greedy when people are fearful...
it's not easy but you did it today...
I didn't buy today... I planned to buy some more AOBO... for some reason I liked AOBO business more than AWRCF..
I felt it's more like staples goods that people will consume continually.. while selling copper wire, enamel wire and fiber optic could be halted during economic crisis (industry)
btu I'm impressed that AWRCF survived the telcom meltdown and diversify their busienss throughout many countries.
I have friends in Singapore and I will try to ask them to take a look at their office. I did ask 2 years ago and she told me that their office is nice and in nice business district.
btw.. I'm at a point where I'm making choices on the business.. so I won't necessarily buy the most undervalued business at the moment, but I am evaluating the staying power and the demand of the service..
So far, this year, 2 of my holding has been bought out (though one of them not on nice premium). I will redeploy the cash to AOBO (and possibly to AWRCF) if Q105 result are good, and I might sell some when/before AWRCF do their private placement.
as for AOBO, I will sell if they do another road-kill (for existing shareholder) private placement
Stan
