Company Report
Last edited 3 years ago
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#Bull Case
stale
Added 3 years ago

I have never owned Volpara.  I am deeply sceptical of stocks that are touted on various investment services that the public can subscribe to for $70 (no names, of course).   

As the great poker player Doyle Brunson said: "If you can't spot the sucker in your first half hour at the table, then you are the sucker."

This is, of course, an entirely separate issue from VHT's quality as a business or its future prospects. But I always struggled to analyse VHT's prospects given all the noise surrounding it.  Every small cap investor has a relationship with VHT, either past or present.  One of the main advantages of investing in small caps is the limited information available, or the limited amount of attention people are paying to certain small cap stocks, so you can develop an "edge" and make money that way.  But that edge is severely diminished when a stock receives a tonne of coverage like VHT has done over the last 12-24 months.

I want VHT to succeed for humanity's sake.  I have no real qualms with the company - except what they are trying to do, and the business they operate in, is very, very difficult.

You could never call Volpara a "value" stock.  However, lately I have noticed that all that positive and exuberant coverage I read about Volpara has shifted to negativity and pessimism (I am not suggesting there aren't legitimate reasons for this).  But if you liked the narrative behind Volpara 2 years ago, there's perhaps an argument  things may not have changed a great deal and now may be a decent entry point.  (A quick look of the share price shows in October 2019 it was as high as $1.85). 

I'll consider it further but just a thought for now.