Thoughts on EHL & SSM
I have recently exited EHL & SSM to offset capital gains. Would you re-enter either at current levels?
Thanks Ian
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Answer
Hi Ian,
You’ve reminded me of 2 of our tougher positions of the last 12-months but learning from our mistakes is critical for successful investing including the fact that at MM we aren’t afraid to re-enter any stock if we believe the quality and risk/reward has become attractive. With regard to the 2 stocks mentioned they are indeed becoming interesting for the aggressive investor:
- We believe SSM can be accumulated below 90c but after plunging 60% in 2021 we wouldn’t be too aggressive.
- EHL has been consolidating in 2021 and we like it under $1 with stops under 85c with our initial target ~$1.50.
