ITJTY - Why Intrum Is My Largest 'Speculative' Position

2024-06-17 08:58:58 ET

Summary

• Recent Q1'24 results for Intrum were positive, supporting the thesis of the company's future success and potential for significant wealth increase.
• Intrum investment initially resulted in mid-double digit declines, but new positions bought at lower prices have led to overall gains.
• Maintaining significant position in Intrum due to the expectation of significant capital appreciation, potential for shares to reach 150-200 SEK.

Dear readers/followers,

To say Intrum ( OTCPK:INJJF ) ( OTCPK:ITJTY ) has not been a successful investment for me at this time would be incorrect. While my articles on the company here on the free site have resulted, so far, in declines in the mid-double digits, which you can see in my last article found here , I have been handling it differently personally, and been purchasing shares as the company troughed down below 15 SEK/share.

The reason why it's not an unsuccessful investment is that I, like many bulls on the company, when the company struck down to 15 SEK and below, decided to dig deep . Intrum has long been a speculative position for me, but I established new positions in the tens of thousands of shares when the company rocked down to this level, similar to the company's management, which also bought significant shares....

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