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Thoughts on EHL & SSM

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Question asked 18/06/2021

Thoughts on EHL & SSM

I have recently exited EHL & SSM to offset capital gains. Would you re-enter either at current levels?

Thanks Ian

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.

chart

Emeco Holdings (EHL)

LAST UPDATED 18/06/2021 20:40

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