RE: RE: RE: RE: RE: RE: flip this its done Gwalker, a puff piece written for lemmings? Bwahahaha. You got to be kidding man.
First, the past deals are entirely irrelevant at the present valuation, I look at them as free options (and I said as much in the write-up).
Second, I'd already discussed the mistakes to an almost ridiculous degree on my blog, so why would I rehash it given the these mistakes are incredibly unlikely to ever be an issue again (if you understood the salient issues surrounding each failure you would know that)?
Third, I actually did refer to the botched deals in the write-up, ironically enough specifically in the why its mispriced section.
Fourth, we had a word limit and I was focused on laying a solid foundation in order to properly frame the risk/reward equation (specifically in order to properly build off of in our follow up analysis)...not to mention my own humble attempt at instilling some wisdom and a little long-term perspective. After all, the goal was to convey original insight in a way that even my Grandma could understand and in a way that was 100% accurate.
If you'd like to discuss your deep knowledge btw on what went wrong with the past streams and where the blame should lie I'm always game. I think you'll find that to imply that I have "blinders" on or that I don't know this company cold is laugh out loud hilarious. I've spent more time trying to kill this idea than you can likely imagine. I don't even look at the upside until I've dug through every book and cranny of the risk profile.
Anyhow, please do me the honor of laying out specifically what I said at any point in the write-up that was blatant hyperbole or not true.
What about it was a "puff" piece? The sheer fact that I called it as I see it?
Personally, I find nothing lamer than when people mistake passionate conviction for promotionalism. First, my track record speaks for itself. Second, should I couch my statements to appear more "balanced" when there is probably very few (if any) analysts anywhere (literally) that knows the business or assets better than I do at this point? Nonetheless, my tone was the way it was because I've done the work, not due to any absence of it.
Fwiw, this is my first post on these boards (long time coming for sure), but I guess it's a good thing that little episode of vapid bomb throwing got me to finally create my own account.
P.S. Zentrarian, Elmo, thundersole and the rest of the guys that post their thoughts and work, thanks for all the great commentary, its been fun (I've enjoyed reading your thoughts) and I look forward to ontributing a bit where I can. Looking forward to it!!