Just For Thinking ...
Money, Saturday, January 5, 2013. ST
When things looked bleak in 1980s, shipyard carved itself a niche.
Mr Choo recalled: "In the 1980s, the Singapore environment for shipyards was very bad. We were told that the shipyard business is a sunset industry. "But, I told our guys the sun sets, the sun also rises. Two-thirds of the earth's surface is still covered by ocean."
Keppel made a conscious effort to crave a niche.
Mr Choo said: "You must choose battles that you can win." That's why we don't build tankers, bulk carriers and container ships. There, the Chinese and Koreans will eat our lunch. We choose rigs, FPSOs, specialised vessels, repair and conversion." (Createwealth8888: Chinese and Korean yards are moving up to eat Keppel's lunch. We should be watching closely on Keppel next move - those first of its kind innovative ideas and initiatives. Currently, market worry over Kep Corp is Margin Squeeze!)
Createwealth8888's Three Children University Fund
Read? Just a few multi-baggers may be enough for your kid's university fund
Read? Funding Your Child’s University in the Future? - Updated for fourth year
With 94 rounds of profit taking on Kep Corp and 11 years of accumulated dividends and another 7 years (for his third child to complete 4-year uni course) of collecting dividends at current dividend payout will be more than enough for his three children's University Fund.
THANK YOU, KEPPEL CORP!
Moral of the Story
Like Mr Choo said: "You must choose battles that you can win."
Like Larry Williams said: "Your fortune will come from your focus - focus on one market or one technique."
Somehow, Createwealth8888 has managed to stay focus and keep hammering the same old stock again and again.
Choosing the battles that he can win and staying focus on one technique???
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Bravo ... Buy Right and Hold Tight!
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