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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE

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To: yogi bare who wrote (974)1/13/1999 1:10:00 PM
From: telecomguy  Read Replies (2) of 2453
 
Bought another 5000 shares at $4.25 this morning - just as the Brazil fiasco hit the market. Talk about luck!

That brings my position to 18,250 shares.

If YF goes bankrupt - I lose 100K of which I will get 50K back through tax writeoff so the net loss will be 50K Cdn.

If YF even moderately succeeds in their ambition to become a dominant Global dessert king, those shares will be worth $500,000 +

So my downside is 50K (basically how much I spend on non-necessities every year - i.e. squash membership, bars, restaurants, trips etc.) and my upside is 1/2 million. Downside is virtually impossible in the near term and I assess the upside probability somewhere between 30% to 60% in the next next two years that YF will hit $20 minimum.

I'd say this is a good bet.
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