RE:RE:Last post on this board to Marc C.LETTUCE....May your orgasms over James post be fruitful and lasting.... If not , you'll have to contact
Marc for a repeat.... Or maybe his chickens... Good night , and sweet dreams
quote=Lattice]jamesb14. WOW. This is the most insidghtful post I have read this evening and I am going to direct message Marc and ask that he reads it. His twitter is @AlderLaneeggs if you want to follow.
jamesb14 wrote: I learned a lesson several years ago investing in a company called Sino Forest. My brokerage firms both had strong buys on the stock and it turned out to be a fraud. It was too good to be true. But maybe I didn't really learn a lesson.
I've read your posts and seen you on TV and it got me thinking about what I really know about the management of Concordia, how I broke my own rule about not investing in leveraged buyout firms, and the advice from an amazing investment newsletter called The Investment Reporter that says not to invest in companies where the parking lot is filled with exotic cars. I went back and did a lot more research and learned that how the company made all their cash flow wasn't transparent enough to figure and and maybe, just maybe the story is also too good to be true.
I don't know what your motive is in continuing to attack Concordia, if your motive is strictly for profit or if you truly understand what's going on inside the company in a different way than the layman investors. I've always had a negative place in my heart for people that make their money on the decline in fortune of people that actually want to own a piece of a business. But with Sino Forest and Valeant I've learned that there's a role to play for people who take the time to look for the flaws that optimists are blind to.
Marc, as I exited all my holdings in Concordia over the past 2 months I'm not certain whether I got bilked out of my investment by you, or if I got out down only 35% on my investment rather than waiting and losing 75% of it. But I did learn a valuable lesson that I'll carry through with me going forward - don't invest in a company that doesn't fully explain how they make their money and do the full due diligence before investing.
I know there are a lot of great people out there still invested in this stock, and I'm not bashing Concordia, I've just learned that I'm not a gambler, I truly am an investor, and this one just isn't for me.
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