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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)

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To: Jim Wood who wrote (904)8/18/1999 3:26:00 PM
From: Edward W. Richmond  Read Replies (1) of 1208
 
Jim, buying???? There so many internal problems, in my opinion, that only a massive shake-up will get any semblance of reasonable business operation back in place. Fortunately, I have divested our family portfolios of most of our TCT holdings prior to the crash in price. We almost went for a large position at what I thought was a super bargain price. Now the stock trades at approximately 30% lower than what we might have paid. As you know, we have Cameron to thank for our inaction.
I would not consider buying TCT until there are major management changes. If there are no changes, we will look to sell our remaining position at an appropriate time and price.
Regards, Ed
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