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Last year's Ville, this year's Blue Sail
Last year, I posted about Weil’s brand. When the bottom was revised, it was only around 108. This year, early in the year, I sold at 130-135, making a profit of over 20% in just over half a year.
This year, I also targeted a stock, Blue Sail. There are still two and a half months left, and although the company has been continuously revising downward to avoid redemption, some believe this is the company playing with investors. However, I think they understand the convertible bond rules and are definitely unable or unwilling to repay debt in cash.
This month, they revised downward again. Even if the bottom is revised, it can’t reach the current stock price; the stock still needs to be pulled up. But the financial report will be released at the end of April. Based on the net assets of 7.65 in Q3 2025, compared to the current stock price of 6.81, there’s still a 12.33% gap, which is more than one limit-up.
If on March 16th, the revision is another 0.5 yuan, it will be 8 yuan. Recalculating the days, they might revise downward again in mid-April. With the financial report at the end of April and the net assets being adjusted downward, it’s very likely they will revise directly to the net asset value, with a maximum loss of about 1.7 yuan per share.
Knowing the timing, knowing the maximum loss, and with good profits of over 20%, what’s the worst-case scenario—earning 1 yuan?
As a stakeholder, I already bought some at 108. Now, more people seem to agree, and the price is approaching 110. I’m planning to add some positions.