RE:RE:RE:Goodman Asleep at the Wheel yet againMeirOrValeant2 wrote: JohnnyUtah16's post could not have been more generous to this thread's crowd. I can't agree more with everything he writes. After reading all the nonsensical posts here, I could not resist to finally open an account on SH.
In particular, I admire JohnnyUtah's patience in attempting to explain basic financial concepts to folks who never should have been allowed to invest in any stock in the first place. Honestly, guys, wake the-f up!
You folks clearly have no idea what is going on in the world! How old are you? Do you know how to read? If you don't, focus on your day jobs or ask questions to guys with long respectable track records in finance BEFORE buying anything. The stock market is a dangerous place where folks like you WILL lose a lot of money otherwise. Focusing on the short-term is a recipe for disaster. For instance, if you cannot see what Meir is trying to pull at Knight, you clearly have serious problems assessing the merits of potential stock investments.
Meir has absolutely zero credibility, zero! He runs a private company, PRIVATE! Do you understand what that means? The only public financial data showing how good a manager he is can be found in GUD's Annual Information Form (just released). The record is dubious AT BEST. AND.... AND.... it is only, and only, over a period of 3 years. We do not know anything else about this savior-god-character.
Believing such a charlatan who has the balls, arrogance and frankly stupidity to think that Bay Street (that has made a lot, and I mean, a lot of money in the past with JG - real money not monopoly money, not MTMakeBelieve accounting money - real f-ing money), will suddenly back a no-name dude with a Valeant/Concordia/absoluteCRAP of a plan vs. JG, is crazy. You are absolutely crazy! It's like backing Donald Trump vs. Mohammad Ali (when he was in his prime) in a boxing match. WTF are you guys on? I know marijuana is now legal in Canada but come on, stop smoking so much of it, at least not when you are making investment decisions.
Meir should be thankful he was even given ANY GUD share for a stake in his unproven questionable *%&^($ of a business. The only criticism one can possibly have for JG over his ENTIRE career is that he made a big mistake in evaluating Meir's character and therefore investing in this %^%&'s company.
Do you know how hard it is to build a company like JG did at Paladin?
Do you know how many try every year and fail miserably?
Do you realize the patience required to make it work?
Do you realize the patience required to wait for deals that financial attractive?
Have you ever heard of Valeant?
Have you ever heard of Concordia?
Have you ever heard of the thousands of companies that fail miserably every year in private markets?
Have you ever heard of the thousands of companies that fail miserably every year in public markets?
Have you ever built a company yourself?
Have you ever delivered 20% returns annually over 20+ years to your investors?
How many people in Canada have done that?
F-that, how many people in the WORLD have done that?
You want to trust this no-name Meir guy because he put together a powerpoint presentation with fancy charts promising Ali Baba-cave style riches?
Mark my words, Meir Jakobson will be remembered as the cockiest loser in the entire business world within the next 12 months. There will be a picture of him next to the Wikipedia article defining "absolute sheer jaw-dropping stupidity". He is an embarrassment to homo sapiens.
Anyone backing him should quit investing in the stock market and open a chicken farm or something.
Yeah thanks for this post. I'll be going with Meir.
I also bet on the jockey you imply is basically a business Messiah, what do I have to show for it? Up until 3:55pm today I was down 27%, as of 4pm today I am down 20%. Staggering losses for what I thought was a very safe, low volatility investment.
Please don't call me impatient, I've been here for almost 2.5 years. I even posted a screenshot of my losses since I was accused of being a liar and a 'short' trying to talk down the price lol. Every single shareholder who bought 3 years ago, the most profitable ones have made...no money. I don't give a shittt how you spin it, or how many accounts you and your crew plan to open, this is totally unacceptable for a coporation sitting on $787 million in cash. I know JRG and staff read these boards for this I am 100% certain, incorporate a plan where management create value for all shareholders within a reasonable time.