I initiated a position in Straco Corporation recently at a share price of $0.855 for 50,000 shares.
I don't think I have to introduce this company much more. We all know they've been returning incredible shareholder's value since its inception in 2004 and it was only after around 2014 that the share price remains rather flat until today.
For me, I am treating this more of a momentum play given that organic growth is back on track and debts remain lowest since they acquire the Flyer back in 2014. I still want to see the company generating double digit growth either through organic or M&A and the latter remains to be questionable given the past 3 years have been a lackluster performance in terms of share price since they bought the flyer.
In the 2nd quarter of 2017, we see visitors to the attractions up by 8.3%, which highly impacted the ......