Straco Corporation

[thor666]

Just a sharing and not any advice to buy or sell.

I bought in to Straco a few years back at just under 40 cents. Saw the meteoric raise of the stock as it posted growth and net cash company.

Before the AGM.. News also came out that Disneyland Shanghai was coming up (I think it didn't until 2 yrs later). This was queried during the AGM by a shareholder. CEO did not attend as he was in China on business meeting, so the board answered. One of the independent directors said (and I paraphrase) that the tourist attraction business was a no-brainer.

Straco continued to rise and I offloaded below 70 cents. Just did not feel comfortable to hold anymore. On hindsight, I could have held longer. But no regrets as I was naive to investing. This was not the case when I held on to Osim until it delisted.

My learning pt was that the qualitative analysis was as important as the quantitative, especially in Asian investing context.

I wish the best of luck for Valuebuddy shareholders of Straco. Perhaps there are still some way to go even in the face of intense competition.

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