Forum Archive Index - December 2002

["Duncan MacGregor" <d-m_macgregor@xtra.co.nz>]

Snoopy, you have taught me lots with some of your posts but I'm baffled by your thoughts on WRI.   I would like to ask you a few things about it if I may.

 

1. In October, you agreed with me that the farming sector was heading south, I sold out, you were holding, why?
2. At that time, you said WRI was a good lesson, that you should never form a love/hate relationship with a company, my question is, .... has the wheel turned full circle?
3. The next question is, how low are you prepared to go before selling?
4. You say that WRI yield is great, the yield might drop next year with the profits, and in any case won't make up for the capital loss.
5. After all that I'll tell you my worst mistake.   I laughed at a mining company's share price, when it shot up from 50 cents to $15, I told everyone "only mugs would pay that for it".   The price went up to $235 before it nosedived.
6. I still think WRI is a well run company and I will buy back at a later date.

Cheers MACDUNK

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