"Should one have one's eye on a stock, such as TROX, it would, IMO, be better to wait until one at least saw an improvement in its Bottom Line..." I have considered your suggestion mentioned before also. Especially the part to wait until the stock comes off its lows as when some improvement in bottom line has occurred.
Sounds like a pretty reasonable idea to me.
Especially as I look at my losing TROX position, also languishing stock of potato supplier LX, and a couple more in that situation.
I've a couple though that have done ok. Sometimes I've bought clunkers and my average losing price turns into a gain when an active investor announces they have taken a large position. Could be said though otoh, that it's then that it is the more opportune time to buy. And hope the active investor can demand and get improvement in the company's performance.
TROX is a cigarbutt company, imo. It has many more years of losses than gains. Maybe only one really good earnings year (2020) in past 15. With all that, the lowest stock price in the past 15 years is $3. The stock's sold over $10 in each of the past 15 years. So what do we have here at $4, I ask myself. Has it been a case of you can fool some of the people all of the time (15 years), and now that has come to an end?
I'm in with a position, just hoping history does repeat as regards the stock price. I don't see earnings improving. Some support though in that the company does have revenue, the product is needed (although apparently it's provided in enough quantity by TROX and competitors). That the company is vertically integrated by having its own mines and processing, is a positive. |
