First, let me reiterate..... good timing, fine price, great strategy, job well done Lyons et al.
I was joking, saying it must be a tough job, convincing people to buy NBIX at a 20% discount. That's like marking down a Lamborghini that's already priced like a Ford. Please reread my post from that stance.
But.... you're saying that we should be happy at the end of the food chain? That we should take the scraps thrown at us and be happy for the opportunity?
That's not correct. We should pick and choose among their offerings, and drive them, with our analysis, when and where we want. Do you think it's coincidence that our stocks suddenly get coverage after we add them to a portfolio or start to flesh out a thread? Many of the best scientist-investors in the world, with you leading the pack for '99, contribute to SIB on a regular basis. We are widely followed.
You noticed, Mike, that SIB digs out a good number of leveraged bargains. I would add that many of us avoid most the sudden decompressions at a better than average ratio. |
