Yes, very nice pick on CIS. Your winning streak is intact for picking these net-nets. For me, I seem to have faltered on my last two choices.
I do remember noting something I didn't understand about your not making the buy though. First, let me say, that ultimately it's about what a person does buy, not what a person doesn't buy.
As I recall you screen for net-nets and then analyze them to pick the the few that really look good to you. Just guessing here, but I'd bet you do some pretty thorough dd and thinking to get to that one or two choices. Not a big deal for you- that's your job. (not implying it's an easy thing to do). But it does take some of your valuable time. (All are assumptions here by me.)
So, given the stock @ $4.75 and given that you're a new family man, and assuming free cash is scarce, and assuming there's risk in the thing anyway-- I'd guessed, with no facts behind it, we were talking about a buy of 1000 sh., maybe 500. Given it was a no-go because of a teenie, the buy swung on $62.50 for $4,750 (1000 sh) or $31.25 on 500 shs. Jim, for all the work you did, you wouldn't step up for $31.50?
Or even conider opening a smaller position to add to later? Man, you are one tough cookie when it comes to getting your price!
'Course, I really did no better. I wouldn't've spent the research time, but I wasn't even ambitious or alert or smart enough to see to start a small position myself.
Oh well, c'est la guerre. |
