RE: RE: RE: RE: RE: RE: RE: RE: RE: flip this its I read your piece and thought it was a puff piece as well. You have one line which paraphrased says something like "the stock is cheap right now due to a couple of wobbles with earlier deals."
Well, yeah. Except they are more like catastrophes than wobbles and they reflect on management's judgment.
And in your response to the original poster, you say that if people go and look at the blown up deals they'll see why they were one-offs that couldn't happen again. Well.
Nolan was in an awful rush to invest in deals a couple years back when he first got the cash, and was even questioned about why he was rushing in to deals so quickly. His response was basically "investors don't like it when you sit and hold their cash, they want you to invest."
Well, yeah ... but they don't want you to throw it away, either.
Management has hidden all those promo videos they used to have where Awram is saying "yeah, we looked real hard at Royal Coal and think we're gonna make a lot of money." I can understand hiding it, the company has to present itself as best it can.
But that doesn't mean we should forget.