RE: RE: Diligence vs. GuessingAnyone unhappy with a company's performance is a basher and should be ignored? Pretty easy way to lose money by tuning out all of the negative comments and repeating to yourself, "I think we can, I think we can".
Listen, big shareholders in companies don't sit back and keep quiet when things aren't going how they were told they were. Take Eugene Melnyk with biovail or the Teachers with Petro Canada. They make noise when they want to see change. I'm not a big shareholder, but telling people that when they're not happy they shouldn't whine and cry, they should just sell? That's rediculous. If you're a shareholder, you own a piece of this company just like I do. That means you don't have to just sit back and take it. You can voice your opinion.
You're right that these boards are for discussion about these companies. Since when can discussions only be positive? I've seen the worst kinds of bashers on many of my boards over the years. I never used ignore because as an investor, if I can't read everyone's opinion (good or bad) and still feel comfortable with my own position, I shouldn't be in that stock. You should always be challenging your position in the market, as companies constantly change, as well as the general market environment.
I don't appreciate being called a basher. A ticked off shareholder, yes, but I'm not telling everyone to sell. I'm holding on to my shares as well. But I still stand by my opinion that this was a bad deal. Maybe it was a bad deal that we HAD to make to stay alive, but we're left here on life support now.
Again, good luck to all. Hope I'm wrong.