SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications (ASND)
ASND 201.60-1.0%Oct 31 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Techplayer who wrote (61380)6/26/1999 5:13:00 AM
From: Jack Whitley  Read Replies (2) of 61433
 
<<LU is like owning a communications mutual fund.>>

Its actually much better than a fund. No management fees, no paying taxes on capital gains distributions (even when NAV values DROP!), no diversification to the point of underperforming the market.

What LU is really like is a "communications Berkshire Hathaway". I get chills up and down my spine just saying that. Thanks to some of the bright people on this ASND board, I bought in fall 1997 and have done extremely well. While it is sad when the reality of ASND disappearing hits home, I am now a long-term LU shareholder (at a very low cost basis) and very excited for the future.

Thanks everyone and Good luck, see you on the LU board.

jww
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext