Price of Nordic Group has fallen from an all time high of $0.63 (unadjusted for dividend) on 29 Jan 2018 to a low of $0.395 on 23 Nov 2018, a drop of 37.3%. If it is adjusted for dividend, the price drop is from $0.61 to $0.395, 35.25%. Alarming and shocking ? Is the price drop due to fundamental change or correction for price overrun fundamental ? Well, to me the price correction is something expecting as it is a correction for price overrun fundamental.
When I first invested in 2014, the price was just $0.1037 and at a price of $0.63, that translates to a capital gain of more than 500% apart from a dividend yield 10.13% with reference to my holding price. Those figures do look good on my investment but deep down I knew the ...
