I'm smarter than James Clarke, I essentially free-rode on his analysis of USU, but bought my shares at $13.25 instead of paying $14 ($14.25?) like he did ;-)
Then, when the shares *really* went on sale, I bought a bunch more at $12.5-ish.
I sure outsmarted him, eh?
I'm not able to see how they're going to grow the bus.
But, so what if they can't grow the business? And, so what if the business wastes away to nothing in twenty years? If you get enough cash out of it soon enough, you can still come out just fine. At a good enough price, growth is not necessary.
The one thing I've discovered that I admit bothers me a bit is that Yahoo! says that their head honcho is paid $2.5M. Perhaps I'm a bit Grinchy, but that sounds overly generous to me. I'm not 100% convinced that management is truly 100% on the side of shareholders. This is my chief worry, that management will be slow or ineffective in properly delivering value to shareholders.
I have "figure out USU" on my weekend to-do list. Provided that there's no fatal flaw, it simply looks too good to be true. Perhaps "home runs" always look this scary? Then again, I'll bet strikeouts do too..
- Daniel |
