75- What Happened to Horsehead Holding?
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 13 September 2016
⏱️ 42 minutes
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| 0:00.0 | Hey everybody this is Phil Towne this is Phil Towne this is Danielle Town and |
| 0:08.3 | welcome to Invested the podcast about how you're going to get it together and be able to retire sooner than you think. |
| 0:15.0 | How you're going to get it together? |
| 0:17.0 | Or retire at all for many of you out there. |
| 0:20.0 | And this is of course, not a laughing matter. |
| 0:23.7 | I was just doing an analysis of a company that I lost a pretty significant amount of money on |
| 0:30.5 | just recently, which was a company we talked about a long time ago in the |
| 0:35.3 | podcast that I really thought was going to be a fantastic investment. |
| 0:40.2 | And I think it's really, really important for everybody who's listening to understand, |
| 0:45.0 | you know, the obvious, which is that there's risk and investing, |
| 0:49.0 | but more importantly that things can go wrong, which are just outside the envelope of what you know and what you |
| 0:56.7 | expect and it's one of the reasons that we insist so much on on a couple of things. |
| 1:02.6 | Number one, really sticking with the rules |
| 1:05.8 | that we put out about investing |
| 1:07.9 | is just gigantically important. |
| 1:10.4 | And I just got, you know know I just got hammered because |
| 1:15.2 | So let's have had those rules a little bit. What's the name of the company? Okay. The name of the company is horsehead holdings |
| 1:22.4 | You bought it when? I started buying it, gosh, I don't remember when I started buying it. |
| 1:29.0 | 2012 maybe? Roughly, roughly. Okay. |
| 1:33.0 | Yeah. And so, you know, I started buying it when it was at about $11 a share. |
| 1:37.7 | I got into it because I initially |
| 1:45.0 | successful investors, |
... |
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