Forum Archive Index - August 2000

[Mike Nelson <bb2345@ihug.co.nz>]

Deathwish... easy ... BDO

MN


At 01:40 PM 13-08-00 +1200, you wrote:
>Hello all
>
>I'd be on RMG also.
>
>Other possibilities would be CEN/TEL/TLS or WHS. 
>
>The other intersting game is if you had a death wish, what would be your
>pick?
>
>I haven't given it enough thought yet.
>
>Choices?
>
>Cheers
>NK
>
>nick wrote:
>> 
>>         Here is a little sunday exercise for you.
>> Imagine you had to put everything you owned into
>> just one stock that is listed on the NZSE. That stock then had
>> to be held for three years.  If that stock was lower after three years
>> you would die a horrible death, which would you choose
>> 
>>         I will start the ball rolling. I would be looking for
>> something
>> rather safe which would have little obvious downside, combined with
>> some prospects for growth.
>>             I looked at several and rejected them on the grounds
>> something
>>  bad might happen such as really bad harvests (montana etc) or
>> terrible
>> economic decline in nz. (restaurant brands etc)  Or the dollar
>> suddenly taking off
>> to very high levels  (tourism, and exporters)
>> 
>>    In the end i decided on contact energy (very sad) . I figured
>> that electricity would be needed no matter what, the company can
>> maintain profits by passing on problems to the consumer, and the
>> present
>> share price is already nice and cheap.
>>     Prospects for growth in three years are unlikely to be spectacular
>> but
>>  it would be a major suprise if the share price was lower that it
>> is now.
>>        Would i survive?
>> 
>>  nick
>> 
>>
>
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