Club Mulgoa

Monday, March 07, 2011

GLF

Read my old notes on GLF. It is creeping up and on a down day, it is up! Sweet!

I bought it after listening to the CEO's presentation and, personally, I questioned him whether he is right about a forward projected PE ration of 2. He told me that he expected it to be better than that.

Today, GLF have gone up >120% within 18 months but for a long time, it was a loss. Retrospectively, I should have borrowed to buy it but retrospectology has no place in my investment strategy.

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