GREY:PCCLF - Post by User
Comment by
Druchiion Nov 18, 2009 12:46pm
658 Views
Post# 16499880
RE: Stop whining
RE: Stop whiningAgreed!
This board is akin to children in the back seat: Are we there yet?
It is clear and simple why FOS's cash is not being put to use: The economics do not support it. Should management throw cash at the wind to satisfy the children? Or should management prudently close the hatch until the fertilizer craze resumes?
FOS provides a very low risk way to make huge returns when the market for fertilizers improve. Prudently managing cash helps to ensure FOS will survive until then. Management is a large shareholder so their interests are aligned.
FOS could easily be a mutlibagger, but this may take years to happen. If it happens within the next five years I will be happy. Children lacking patience will foolishly be long gone.