Another one of your dumb posts. Look at the date of that posting -- January 1998. Check to see what happened to JDS from Jan. '98 to the end of that year. Incidentally, while you're at it, take a look and see what happened to the share price of NN from that date up to the early summer when markets started correcting. I hit it right on the nose on both counts and that's more than can be said about your call on NN the last two years.
Since we're dealing in fantasy, let's carry it a bit further. If you'd held JDS until today, you'd be up 400%. And if you bought NN in mid-January 1998 and didn't make any trades until today, you would have broken even. No whining needed. Of course, if you were unhappy with your purchase price (26 - 30), you could have sold at 32 in May, with no loss. Again, no need to whine. Now, if you didn't begin a position until February of that year, you could have bought in around 19-21, then added in the 16-18 range in October, and taken profits in the 37-39 range in January --- for a slick double. No cause to whine and perhaps even cause to celebrate.
And you are totally wrong when you say there is more reason to call Newbridge a world-class company now. This company goes from one problem to the another, changing strategies and focus, and with each initiative it takes, it only compounds its problems. They had potential 18 months ago but the storm clouds have gathered since then and the future is not very bright.
I said there's more reason, but I agree it's not there yet --- first they have to prove their merit by having consistent earnings. Just the same, I'm not about to wait for the Street to tell me when to buy. By the time the changes put into place over the past 12 months are factored into the stock and the Street realizes it's a world-class company, the price will be double and the chance to get in early gone.
As far as that phony lawsuit, I maintain it was nothing but than a publicity stunt aimed at pacifying shareholders and allaying their concerns. Newbridge hastily announced the suit and probably didn't even consult their legal counsel. It was a PR job all the way. Alan Lutz is a master at that.
If you really think the lawsuit was a publicity stunt and management didn't consult an attorney before filing, then find another company to invest in. Take yourself out of your misery.
P.S. By the way Pat, does Newbridge pay you for touting their stock? You seem to have a cozy relationship with management and claim to have inside knowledge of goings on at the firm. Of course it hasn't helped you make the right decision, but nevertheless, it would be nice to know what sort of shill you are.
Private jets, Champagne parties in Toronto, New York, and Paris, expense accounts at Neimans, Bloomingdales and Tiffanys, week-ends in Palm Desert, cruises in the Adriatics, ski trips to Chamonix. Not to mention the fresh strawberries from Kenya, baguettes from France, and smoked salmon from Glasgow whenever I'm fogged in and can't be whisked away. With this sort of treatment, who needs to make the right decisions? I can stay in bed till noon, glance at the market a few minutes before the close, throw darts at the calendar to decide when to sell, and spend the rest of the day at the spa having my toenails polished.
Oops, gotta go. There's a helicopter hovering right now. What, with the fair traffic clogging up the old highway, you wouldn't expect me to drive to dinner, would you?
Canadians are such gentlemen. . .
Pat |
