This company grew its earning by 50%

A couple of months back I asked a friend of mine a question to my friend regarding Choppies. My argument was that Choppies looks like it’s not doing well, it had more debt than equity and it didn’t look attractive to me but the founder of it and his closest friends or business partners have a huge shareholder value in the company.

My thoughts were, how could you be holding such huge amounts of shares on a company that looks this messed up? But he reasoned that perhaps is because he as the founder of the company has the responsibility to hold on the shares and not sell otherwise it would really trouble other investors. Okay I understood that but, it still bothered me, like what is it he sees that I didn’t see, at that time I had already sold my shares of Choppies when it was still P0.48.

But months later here Choppies is reporting earnings that are over 50%, and that it is headed to make profit. Something I should have paid attention to.

Am I regretting that I sold my Choppies shares? A little but these are some of the things you learn along the way so, no worries then