This is a random thought series. No analysis, just observations and my thoughts. I read at various forums lamenting another good dividend counter delisting and some bloggers congratulating others for capital gains. Personally, this episode just show that it is more important to be lucky. A number of of the assumptions I made about CMPH are wrong. FCF of 1.5-1.8 billion not met. With the economic slowdown in China and the lower trading numbers, the lucrative "goods carriers" should be reduced and I expect operating numbers to worsen. I intended to sell CMPH into strength as stated in my previous post. When it is trading at 87 cents CD and 84 cents XD, I am thinking seriously to either sell partial or all my stake. Well, luckily for me, my procrastination brought me some "Ang Bao money". Obviously, the owners do not think the operating numbers ......