pescodWe of course are desperate to win back a couple of bottles of wine
that we have lost in previous bets with Schachter, and are on the verge
of making one—which will be the best performer between now and
July 1st. We pick Oilexco (T-OIL), a company he’s escorting to Toronto
for financial-types later this month and he is ready to bet on
Adulis. He of course picks Adulis, but it has moved too much today.
The two stocks have moved quite a bit since Friday’s close so we’ll
see what bets we might be making next Monday, he suggests.
Meanwhile, we should point out that he has recently written a report
on Oilexco, with an $8.12 target and he uses (he admits) conservative
cash flow numbers. On Oilexco, he suggests he likes to “raise targets
as companies succeed.” We are glad to see President Art Millholland
will be at our Beer and Pizza Gathering on Friday, September 30th.