An overdue self-criticism
It’s been a long while since i wrote about my investment blunders. Here’s one, i sold all mine HTL international shares in 2013 after holding it for about 5 to 6 years. At that time, prospects for HTL was poor and leather hide price was sky-high. In other words, i was impatient and had better ideas for the money(should have stick to my blog title marathoner).
Little did i know that the catalyst for this net-net stock came in 2015 when a China buyer wanted to takeover the company at a price that was higher than even the highest price i paid for the stock. Lesson learnt: As long as the stock balance sheet is fundamentally strong and undervalued, don’t sell the stock since a catalyst could arrive although when it will arrive is unpredictable.
It’s no use crying over split milk, time to unearth another HTL which rose from the ashes.