I know that I will get flamed for being a starry-eyed optimist (or a hypester), but please! How about some perspective!
We have recently moved from 1 3/4 to the neighborhood of 2 1/2 or so, all while (i) LTCM blew up, (ii) the banks and brokerages are getting absolutely massacred, and (iii) world-wide, markets are plummeting. Sometimes one has to be glad for what DOESN'T happen (i.e., CCUR tanking with the rest of the market), not just what does happen.
With all the naysayers on this thread and in particular on Yahoo, I can't imagine the stock price explosion that will occur when we finally do get a concrete announcement. Steve O's comments aside, I believe that there are MANY, MANY investors out there that view the now-infamous line in CCUR's annual report as lacking substance and therefore meaning. We all suspect the "cable company" is TWX, but who knows! Maybe it is another MSO! What effect would THAT have on the stock!
I am extremely comfortable with the current risk-reward profile of this stock. Regardless of the emotion, bitterness, etc., it really comes down to a single threshold question: do you think the stock is going up (either short-term or long-term, depending on your style), or do you think it is going down. Everything else, including your personal opinion of Corky, is irrelevant. He might not be the most affable guy in the world, but the co. is extremely well-run. FWIW, my answer to "the question" is "up." |
