CM8 5.41% 3.5¢ crowd media holdings limited

I also think it's a good entry point atm. One of the things that...

  1. 27 Posts.
    I also think it's a good entry point atm.
    One of the things that made me hesitant was the language that Dom was using. Drawing attention to "record earnings" after the purchase of track was at best an insult to shareholder intelligence. *Not* producing a record profit after doubling the company's size was a mathematical impossibility, and yet he banged on about it like a boy with a new toy. Apples to apples comparisons done by HC posters showed growth was flat.

    There were obvious problems with track but the constant up selling and optimism made me wonder if he was being intentionally dishonest or simply ignorant.

    He seems to have learned a lesson judging from the latest presentation, the language was more sober. Hopefully that will continue.

    Also there have been sudden cap raisings, and renegotiation of ridiculously expensive debt on highly complicated terms with less than ideal financiers that left many wondering if the new deal was any better than the old one.

    Finally there are lots of new initiatives and apps announced but very rarely do we get follow-ups.

    So the company is making money and it's pe is ridiculously low, but the Ceo's behaviour has created uncertainty and that's something the market won't tolerate.

    I personally think the worst is behind it and the current sp represents little risk so I jumped in. I try to be greedy when others are fearful.

    Not professional advice, just the opinion of another guy trying to make money on the asx.
 
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