In the jungle

It’s always interesting to look back at one’s own predictions — I respect Cringely for his systematic look back at his predictions for the year, as most pundits conveniently leave theirs behind like a trail of dead leaves, a whole set of new ones growing back in to replace them. Here’s another one, Sino-Forest, that Ontario headquartered forestry company that runs plantations in China. It looks like it’s almost doubled since I looked at it, and in this volatile market it’s been pretty stable. Shows what I know! It’s amazing how many stocks one can comment on and have very little real insight into the workings of a company. Is this company being valued “correctly”? Was I wrong to stay away? Certainly it looks attractive now, in the rear-view mirror, but were my reasons for staying away invalid?