Replies to post #15620 on Banro Corp. fka BAA

[jb128]

I have bought a few and made a pretty penny. One was an oil company named Rally Energy out of Calgary. I bought that sucker as low as .11 cents. It took 5-6 years but they finally got bought out by a private group for $7.50/share. It took a while and the abuse on the forums you wouldn't believe, but I trusted my research and stayed the course.

I'm hoping for similar returns here, may take a while but the potential is definitely there.

[investorwisdom]

If the markdown took place outside of a cyclical correction? You would be crazy to buy this stock, I agree. However the current markdown is not particular to only Banro, it has hit the entire Gold mining sector down to multi-decade lows. Now in this scenario the prudent thing to do is to look for the most beaten up stock or company, that has staying power, for when the cyclical rebound does occur we will reap the highest returns. Yes its possible the cyclical downturn is so great that many miners will go bankrupt or have to merge to exist. And hence we have current price levels in expectation of bankruptcy or merger. Now in this case you have to consider net debt to asset ratio, current income, and money already spent. Do the math you will find Banro is the rebound stock to select with staying power!

[JohnCM]

If you can take any positives away from this, the descent in the share price has flattened out.