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mov1es

03/30/18 5:19 PM

#75509 RE: sharpeie #75507

Not opposed to light capital structures and steady growth. The main concern here is the backstop isn't there without something other than the talent of the main person out there pounding the pavement.

I've been in and out of this name several times and done well with it. Will get back in again but agree with others that this may be dead money for a year or so. Easily a 10%/yr stock appreciation or more normally.

If you want to compare to a situation that illustrates my concern look at the last two year history of TIXC. Good management, good returns on a great idea but due to market changes it went south fast. No solid assets to prop it up. At least over time a holder got most of their investment covered safely with the dividend.

With CAPC you need to buy and sell some to make enough to eventually cover the downside risk. Harder to just buy and hold w/o dividend.