Sunday, March 12, 2017

The Warehouse: The Solution; Sell Sell Sell !!

Image result for the warehouse nz
Part The Warehouse team on the lawn at their head office in Akoranga Drive.
They needn't have 1200 working there though. 200 would be sufficient.

The Warehouse Group Ltd [WHS.NZX] was last visited on February 20th when it was trading at $2.64c.

I sold 4900 shares on Friday March 10 for a loss of about $2000 at a consideration of $12020. I kept 100 just for fun and to cause trouble if I want - it could sell one day.

While a teeny tiny part of my portfolio, it kind of stuck in my craw a little bit. Having that Sword of Damocles hanging over me when I knew I should have walked away from it about 3-4 years ago.

Ill leave the woe is me I lost money on this one behind cause I left that particular kind of thing behind on Feb 6 2012 - except to say this money is destined for lawyers again because my Ex wife is being rather nasty with our child - should have followed my passion into the law cause my current lawyer has now got a vast amount of my money. 

Never fear.


What sort of psycho babble keeps a person holding onto a share when they know they should have sold some years ago?

I think it is fear. Fear that you made a mistake buying it in the first place. Fear that you held on for too long and fear that you finally have to crystallize your loses making it feel somehow real.

I don't feel that now though. I just feel relived. Relived that I have preserved some capital and I could pursue other purchases with it - briefly AIA shares although might sort of wait a bit to see if it will go lower.

Yeah, I think relief from the constant niggle in the back of my head that really should be rid of that little monster the WHS. 

I will give them 2 years. 

If they havent cleaned out head office of 800 folk and gotten rid of the hundred of lines of useless junk taking up space on their shelves - who the hell sells DVD'S these days - then they will be confined to history. 

Avoid at any cost.

The Warehouse Group @ Share Investor

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Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
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Court of Appeal delays Warehouse bid
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The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

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Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) by Benjamin Graham
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