Post by
materialsgirl on Apr 04, 2017 9:54am
No foolin' now that April is here
There is one thing that all companies with bad management have in common; a permanent focus on continuously fooling investors. They want investors to be unaware of the dismal past or if not to cause people to ignore the past follies and listen to their new bright rosy predictions about the exciting future. The past was about leveling off and consolidating and the future is about growth and high profits. repeat repeat repeat. Then hope that as investors catch on to the lies that new fools will come along for another 3 or 4 year ride.
AXY is a classic case.
In spite of Ross Beaty being a proven long-term loser in the green space victims (that is shareholders) investors look way back to bygone days when Beaty was a winner in the metals space.
My message. Don't be a fool. April 1st is in the past. Do not accept anything that management says about the future. They even lie blatantly about the past by not acknowledging how bad it has been. Assume everything is a lie or extreme spin doctoring.