Shares & Derivatives
My Current Thoughts On LTC Corporation – FY17Q1 Results
By SG ThumbTack investor  •  December 2, 2016
Firstly, let me start off by making a correction. A reader brought this to my attention some time ago actually, but I haven’t addressed it here yet. In an earlier post I wrote back in May 2016 : LTC Corporation (Part II) I worked out how the acquisition of the 50% stake in USP is an asinine move based on a company net profit of $3.144mil and a purchase price of $24mil, the PE ratio is 15+, which is really high for a retail operation in Malaysia. Well, SIAS (which stands for Smart Investors Always Succeed, cool name) must’ve either read the announcement and made the same mistake as me, or they read my report and fired off the same question to LTC’s management. I’m inclined to think it’s the latter. Anyway, bless the guys at SIAS for asking. Seriously, can you guys look at some of the companies ......
Read the full article
By SG ThumbTack investor
I am a Singaporean male in my mid-30s, and this blog chronicles my investing ideas and activities. I hope to search for and find contrarian and deep value investing ideas and will chronicle all these ideas here, both the successes and the failures. (hopefully less of the latter) ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance