No, I didn't loose any money on CLO. They were on my watch list when they were hovering around the 80c level about 12 months ago, but they just never gave me a strong entry signal.
How anyone could even begin to show any sort of support at all for a management team which presides over a so called "growing" business which is then unable to grow the return to shareholders at the same time, is far beyond me.
My previous post wasn't emotional. I have no link with CLO what so ever. My previous post highlighted an extremely important piece of information.
I have reiterated it in part here. If you are busier than ever....if your profits are bigger than before, then, show shareholders the money. Its really quite simple. Management are unable to show shareholders the money. Where has it gone?
What you choose to do with market information, or indeed, your own CLO holding is up to you.
I for one, choose not to be a holder.
Cheers
CLO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
