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investment guidance for beginners led by Andrew Sather and Dave Ahern to decode

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Dave:                                    00:36                     All right folks, welcome to the Investing for Beginners podcast. This is episode 99 tonight we are going to talk about a stock that Andrew recently had some bad walk with and has sold. And we’re going to talk a little bit about some of the lessons that he learned from his investment with this company, including things like activist investors, divestitures and board resignations, and how those can affect what happens with a stock. So Andrew, why don’t you go ahead and tell us about the company and a little bit about your experience.

Andrew:                              01:08                     Yeah,

sure. So I think when you talk about stock picks from the past, it’s much more

useful to talk about your mistakes rather than your successes. Um, we can, we

can all buy stock. I can go out for a multitude of reasons, but you know, if

you can look at how you kinda messed up and maybe you can avoid that in the

future and maybe some people can kind of recognize a situation like this and

maybe stay clear or in the case of, of my, like my personal kind of experience

with this and the way that maybe I wish I would have played it is I would have

waited longer to, to get into this stock because it was clear that the fallout

from the stock hadn’t completely finished. And so I’m keeping this stock on my

radar and I’m watching to see how it progresses.

Andrew:                              02:04                     I’ll

talk a little bit more about the details as we go along here, but it’s one of

those where I would have wished for the dust to settle kind of a thing before,

before I bought and one that’s a hold it. So it was by no means like a

portfolio killer. I lost maybe 25 to 30% think a lot. So I’ve definitely had

gains that have more than made up for that. But, uh, it’s still something that

you still want to examine your mistakes and try them group fro...