Amen, Preacher Todd.
I agree 100%. The only thing that I really have to add is that I really don't view THQ as extremely undervalued, even though I am a buyer again at these levels. It's just that the "crash candidates" are so overvalued, that people have lost perspective on risk and value in equity investing. Personally, I don't want THQ to become a "crash candidate". I have a hard enough time finding stocks to buy, and I hate to sell.
It amazes me that there are so few investors left. Maybe they are still out there, but you definitely don't find many on Internet bulletin boards. I guess by definition, it is the wrong place to look.
Personally, I hope that BF resists all efforts to split the stock, to buyback stock, etc. Run the business for your investors instead of trying to appease the money traders and gamblers. Splitting stocks add no liquidity - there are oodles of penny stocks with millions of shares outstanding that never trade. Buying back stock reduces book value and reduces funds available for investment in new licenses.
I view the money I made in 1998 is $2 a share times my holdings, which I am extremely happy with. Try to get us up to $2.40 this year, and build the company for the next millenium. Let the manic/depressive market do what it wants.
Kory |
