Valueman, SSW has just been too boring a company to comment
on until recently. Here I thought I had a stock with a reasonable chance for 20% pa growth and what do I get? Potential tax problems,
that's what.
I'm glad I never figured out what this company was worth, because
then I just sat on my hands, perfecting my procrastination style
of investing (some call it buy and hold).
But, I gotta ask some opinions here. Do you think SSW is getting
ahead of itself? The base business is fairly stable, with slow
growth prospects, although the TI acquisition should continue
to be accretive for a few more quarters. Then, it seems, SSW is
back to the tortoise race, at least as far as reported financials go.
Who knows, maybe we're all valuing the cash hoard at more than
1x book, banking on future successful acquisitions.
Can't believe this company is now more than a 3 bagger for me.
I guess value and patience pays off.
Carl |
