Wouldn't it have been nice to put some money on that last month? Or last summer when the share price was below $2? On the other hand, I don't feel too badly for missing the boat -- there are a lot of high-risk factors on this stock if you're an individual investor:
- Thinly traded: most days fewer than 10,000 shares are traded
- Controlled by insiders: 57% of shares are owned by insiders
- Not followed by analysts: no one is researching the company and publishing earnings estimates
- Price/book ratio: below 1.0, which could mean it's undervalued, but could mean some nasty writedowns are on the horizon
- Been through a couple years of red ink, showing losses instead of profits
I'm a big fan of Widmer's line, and it's interesting to watch the company grow their business. Someday I may get up the nerve to invest a little of my savings in the CBA, but for now I'm just a spectator, occasionally dreaming of what could have been.
[Update: I did take the plunge and buy some HOOK at about $5. And the "thinly traded" warning up there is true: my first order of 100 shares only found 15 shares at the limit price, so instead of a 10¢ per share commission, I effectively paid 60¢ per share. Further reading: my account of the 2011 CBA shareholders meeting.]