Yes “there’s no place like home” as Dorothy used to say. Bad news yet again on the Global economic front has over the last month or so pushed investors to the brink of madness. The banks are under immense strain as the Global crisis stutters from pillar to post. The hatches have been battened down by the markets and positions have been taken. There are some terrific bargains out there for the canny and bold!
However it’s more woe with angst for Matra with yet another piss poor update. I can understand why holders are so angry and frustrated it seems to be a never-ending problem. Doubts creep in and one begins to question whether ones sanity has lapsed! What would be interesting here is to find out Deleks reasoning and thoughts on this continual water problem which has dogged Matra for the last several years. Investors can’t go on like this it’s bad for the mental health as well as ones portfolio! I’m still holding quite a large chunk of stock and will continue to do so. My main reason is that some-where along this terrible water plagued drill the company will get it right! They do actually have oil which is a game-changer and once it’s correctly extracted then confidence will quickly return. Investors are a forgiving bunch.
I will be speaking to the company this afternoon.