$RIVERSTONE HOLDINGS LIMITED(AP4.SI)$Used to be vested in this stock. Good management team and profiting company. However market sentiments says otherwise and with every quarter the stock price is just heading in one direction, south.
Got out few months ago with a big loss, and I'm glad I did as I reinvested elsewhere instead of hanging on or averaging down as I learnt it the hard way initially by listening to what I want to hear on such discussion boards.
All I can say to people who are still vested is not to get too sentimental to this stock/ industry.
Of course they will be people who says demand for gloves is still high, which I agree and that Riverstone, who's business is mainly in cleanroom gloves, is difficult to break into given all the stringent criteria for qualification. One must keep in mind that in due course there will be abundance in supply and it will hit a plateau. With the many other players in market and abundance of capacity, it will be back to cut throat prices again.
Again the purpose of this post is just to inform everyone not to be too sentimental to this stock and do your own due diligence. All the best to the brothers and sisters who are still vested and I hope this turns around soon as well.
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