The first article I wrote in 2023 was titled “Is the pessimism engulfing Magellan overdone?” Two years later, and with the benefit of hindsight, the answer to that question was probably ‘yes’ although the premise was reached a bit prematurely. At the time the share price was $8.73 having plunged from its high above $72 in February 2020. It continued to slide, reaching a low point of $6.22 in October 2023, a total fall of 91%.
Many investors (self included) were badly burnt during this fall from grace. Читать дальше...