RE:RE:RE:Acquisition must be near.....Hanlon's razor is an adage or rule of thumb that states "never attribute to malice that which is adequately explained by stupidity." My hope at this point is that statistically, when one continues to do a series of stupid things, they eventually actually hit on something that works out.
Given their historical performance with the Mittleman picks, and the sheet overseas private investments, they are due for an "error".
And really wtf is with the Saudi investment? Is this the path to heaven?
babedinkleman wrote: I already have a position at higher prices that is a little larger than I like so no averaging down for me.....you know......you'd figure trading at or below cash would be next to impossible....but never underestimate the market's total lack of confidence in management's ability to use said cash for the benefit of shareholders. And hey based on what we know.....how can you blame it? I still say at some point these guys will do something positive......hence why I'm holding on.
Didn't really like hearing on the CC that they aren't necessarily moving further forward with any more share purchases.....ie the 75 million loosely alotted to share repurchases and ?dividends? can't remember exactly. Supposedly they are in late stage negotiations and may need that cash for the transaction. To be honest the president....Michael Lehmann sounded pretty on the ball on that call. But I'd like them to continue buying shares.....shouldn't their own 'discounted' shares be just about the best use of money possible at this point?
Konaboy wrote: Dropped because I bought in 3 days ago ;)
Fme this thing is my kryptonite, I just keep coming back to torture myself.
babedinkleman wrote: Share price dropping daily....market is scared of whatever entity these disasters are about to invest in?