Forum Archive Index - August 2000

[Nigel Barker <nigelb@cyberxpress.co.nz>]

I picked CEN as soon as I saw your subject line. A bit dull and boring, but sure to rise steadily over time.

Nigel

nick wrote:

        Here is a little sunday exercise for you.Imagine you had to put everything you owned intojust one stock that is listed on the NZSE. That stock then hadto be held for three years.  If that stock was lower after three yearsyou would die a horrible death, which would you choose         I will start the ball rolling. I would be looking for somethingrather safe which would have little obvious downside, combined withsome 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 terribleeconomic decline in nz. (restaurant brands etc)  Or the dollar suddenly taking offto very high levels  (tourism, and exporters)    In the end i decided on contact energy (very sad) . I figuredthat electricity would be needed no matter what, the company canmaintain profits by passing on problems to the consumer, and the presentshare 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