After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments cover image

059: Why I Made A 5% Bet On Pedevco

After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments

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What if the Investment Worked Out?

So if we get to an enterprise value that's within 20 % of the p v ten at 56 dollar oil, i would sell. And then also a, if i find a wonderful business, o, awsome opportunity, i can sell this half enton piece to get into a a wonderful business. If things go wrong, quot o in the price of the stock, that has nothing to do with the business, i i think i just buy more. I could have gone seven or eight but five felt right for me. Ten per cent would not feel right and one to three Peruvian cents didn't feel right either. That's what i'm talking about at the beginning of the episode

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