Q: Peter; Thank you the response yesterday. Given your info would it not be a good time to add a little? I don’t think Mr. Sprott would risk his reputation if he was trading with any material info.
As a long timer, I would like to thank you and all of your staff for the exceptional service over the years. My wife and have
both seen all our various portfolio’s returns that beat anything
available in the investing universe.
Enjoy your time off, not much I would guess, and a Merry Christmas and a prosperous New Year.
Rod
As a long timer, I would like to thank you and all of your staff for the exceptional service over the years. My wife and have
both seen all our various portfolio’s returns that beat anything
available in the investing universe.
Enjoy your time off, not much I would guess, and a Merry Christmas and a prosperous New Year.
Rod
5i Research Answer:
Thank for your kind words. On Eric, we agree he is not going to do anything to harm his reputation. But..hus DSV position is very large, even for him. It likely represents 15% of his total assets. With him now below 10%, he can sell without reporting, and improve his portfolio diversity without triggering more selling (investors following his insider reports). We would expect him to go from a $600M position to perhaps about $200M and this could pressure the stock a bit. We frankly would be more concerned about this in January, as Eric can shift his tax burden (and it's big) to 2026. We still think it is buyable but might proceed slowly due to the above.