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- 3 July 2009
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As you say @finicky it is the contrarian buys that usually make the biggest gains, you just have to pick the winners.Wow, at its recent Feb high this was a >10 bagger from its Wuhan lab leak Covid low (had to get that in).
A contrarian buy for which I would have remained a herd member due to debt. Goes to show again that these quite often provide the big wins (at apparent high risk). St Barbara (SBM) at its nadir was one I looked at but rejected because of precarious debt. Got a feeling that NWH was once in a similar situation.
Seven West is a pretty well run company I think, from my point of view I just wonder how the free to air model will fare longer term , I guess i would probably be more interested in SVW, but everyone to their own.
They were a great buy in the covid hit crash.