Time to discuss one of my biggest missed opportunities of 2013: Hennessy Advisors. In late 2012, Hennessey completed a transformational acquisition that was highly likely to increase the company's earnings and share price, which was then hovering around $3. I looked into the projected earnings (though perhaps not as thoroughly as I should have), even read a nicely-written summary that was circulating in the value investing community, and then did absolutely nothing. Imagine my chagrin to see the company rise and rise to its current level around $12 on the basis of greatly improved earnings and a bright outlook.
Hennessy Advisors, Inc. - HNNA
Hennessy Advisors, Inc. - HNNA
Hennessy Advisors, Inc. - HNNA
Time to discuss one of my biggest missed opportunities of 2013: Hennessy Advisors. In late 2012, Hennessey completed a transformational acquisition that was highly likely to increase the company's earnings and share price, which was then hovering around $3. I looked into the projected earnings (though perhaps not as thoroughly as I should have), even read a nicely-written summary that was circulating in the value investing community, and then did absolutely nothing. Imagine my chagrin to see the company rise and rise to its current level around $12 on the basis of greatly improved earnings and a bright outlook.