Walterspot, thank you for your reply. You have much experience. Please share some with me (us). You defined the differences between success and failure as:
1. Quality of management - If past behavior is any guide to the future, what do you think of Actrade's management? Do you know something independent to give confidence?
2. Quality of product - Please explain this within the context of ACRT.
3. Structure of the loan - Same question.
Your definition of "smart investing" and mine may differ, and is largely irrelevant. I spend my time looking to avoid downside risk. The upside takes care of itself. The published numbers for ACRT speak for themselves. If they are bulletproof, I would invest in ACRT (although I believe that it is still overpriced today, based on current numbers, but I'm picky.) On the otherhand, if these numbers turn out to have some flaws, it's bombs away for this stock, even from here. There's no margin of safety, even if you accept the II numbers and calculations. II lives off of its publications, not its investing.
Please post your thoughts about the criteria that you set up for companies like Actrade. Given your experience, what is the special edge that ACRT has over your old company, for instance? Does ACRT have a "Buffet competitive moat?", and what is it?
Dan |
