Pat, I agree with you about which company represents the better potential return at current prices. My only point was that the people running LU have done a pretty good job and have seen the stock in their company appreciate accordingly. Unfortunately, I didn't have LU when it was spun off(sure wish I did). I've never heard McGinn speak, so I really don't know whether he comes across as arrogant or not...
I suppose that the one other point to consider here is that in the current market success seems to reinforce success...the big get bigger. I find it hard to justify any of the mega cap tech stocks, but, the market keeps moving MSFT, CSCO, EMC, LU, etc., up and up and up. In markets like datacom and telecom, which have exploded over the past four years a 5% appreciation in stock price is just dreadful. Given the dismal performance of the company I've been in and out and always made sure I was in a defensive position when earnings were due(or preannouncements were due).
Hopefully, NN's time is near... |
