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Nutritional Holdings (NUT)

Howard

By Howard
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Howard Newbie

Howard

Posted
Posted

Nutrional Holdings is a Penny Share and has performed poorly over the past few years, but is now making a profit and on the acquisition trail

 

Is it worthwhile buying shares now and holding on for 3-5 years as it looks like there has been a turnaround and new board of Directors ?

 

 

SaurusDNA Newbie

SaurusDNA

Posted
Posted

Simon Brown always says that before you buy any stock, you should clearly be able to give three reasons why you want to buy the stock, and be prepared to stay in the trade for as long as those conditions are valid.

 

If you can give three compelling reasons, and there are no cautionary announcements on the stock, sure, go ahead and buy the stock. However, with any penny stock, it wouldn't be prudent to buy than 10% of your shares portfolio. Otherwise it's no different to gambling.

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