RE:KRENSAVAGE COMING UP ON BNN ... NOW BNN has been giving plenty of time to skeptics recently. The story is interesting to viewers now because of the negativity surrounding the stock just like the story was interesting when the stock was on a constant upward trajectory. What I found telling about the interview was when Kern Savage said his fund has been considering covering from $28 to now, but won't conver becasue he thinks the company will continue its downward trajectory (paraphasing, but that was essentially his point). Well, my take on his view is that it is similar to those who were touting this stock when it was over $100. That was irresponsible because even with the information that was available then, the company was more than fairly valued. The opposite is true now. The company is still a cash-generating machine and come this next week will have significant additional capital to execute on a revised business plan. The market has way overshot on the downside just like it way overshott on the upside. Markets do this over and over, but few learn and take advantage of this irrtionality. When everyone is positive on a stock, every smart investor knows it's time to sell and when everyone is negative on a stock that is usually the time to buy, unless a company is really heading towards insolvency, which is not the case here. Not even close.
LaticelnExile wrote: This guy is one of the smartest that I know. Nice to see BNN giving some skeptics air time, and not just the bulls.