“Value investors will not invest in businesses that they cannot readily understand or ones they find excessively risky.” Seth Klarman
Anyway, in the case of Silverlake Axis, I felt it was in the perfect storm. It was hit by a report from razor99, and shortly after on 21 Aug 2015, the company requested for a trading halt, the market tanked sharply on Mon 24 Aug 2015 (the market was nevertheless, in a downtrend prior to all these). After the trading halt was lifted on 26 Aug 2015, the stock price dropped further to 0.43. ......I know the markets are down, and just got a wee bit better. Nevertheless, we could be in a long painful ride down (or up higher). Don’t really know what is in store for us in the coming months. However, let’s live in the moment (click here – hope the song lift you up) and think about companies.
