Does anyone find it absolutely laughable that ONE is referred to as a "train wreck"? Lets see 9 PE, $2 plus in earnings, 5% plus Dividend, etc, etc, strong financial position and ratios, etc., etc.
Yet companies with massive losses, few sales, and negative stockholders equity are given the analyst praise and strong buy recommendations? I'm sorry, but is everybody that stupid to believe this crap that passes as analysis from these high paid cheerleaders and talking heads on CNBS? In the same segment this morning CNBS reported that ONE was a "train wreck" and the something called QXCT (or something like that) was upgraded to a strong buy with a target of $1000. Now QXCT, or whatever, had nothing practically for sales, and a loss 7 times whatever paltry number their sales # was. I forget the exact numbers, but you know the song and dance.
Now which is the train wreck?
Some days I seriously consider doing exactly as the Tiger Fund did. Take my money and go home. Leave this market of the hypsters and hucksters. Sit back and watch their coming train wreck. |
