Post by
SilverSaver333 on Jan 08, 2016 1:28am
PYD Patience
A quote from Paul Samuelson to keep us in perspective. "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take 800 dollars and go to Las Vegas." We have to remember to be patient and give PYD time to grow. Given the state of the markets, we should consider ourselves very lucky to have hit a bottom, as many people are getting burned all over the place. On another note, I agree that paying down debt would be an acceptable use of the financing. However, it would still be more beneficial to use the money to expand. The debt shouldn't be a huge concern at this early point in PYD's existence. Can't wait til they put out more news. GLTA and DYODD.
Comment by
biggerr on Jan 08, 2016 10:09am
if they can't be profitable at their business model there is no need to expand, first they have to prove they can be profitable with the huge depreciation they are having on their machines
Comment by
biggerr on Jan 08, 2016 12:40pm
I think the slot machines are the weakest link in the casino business because they require expensive maintainance and depreciate rapidly, this is why casino owners don't like to own them and instead let fools like PYD be responsible for them. Man I should have known it when I bought PYD. I hope my good stocks will pay for this write-off, ha
Comment by
TTYKIB on Jan 08, 2016 1:48pm
I have held PYD for almost a year (average .093), like everyone I am frustrated how this has transpired. One thing I can't stand is you Bigger, you are a flop floping piece of shyte. Why you are still on this board with your useless opinion and lack of knowledge is beyond me. Get a life scumbag, HA!
Comment by
biggerr on Jan 08, 2016 2:47pm
I want to see what the Q4 looked like, give them one last chance. If I sell now I won't get anything anyway