Art, during the fall and winter of 1997, I became very concerned for SPYG's losses and depletion of cash reserves. Fortunately, the contracts began rolling in and the stock began moving upwards. If Barron's released their report back then, I believe SPYG would have been much higher on the list. Because they are near the bottom indicates to me the great job Spyglass employees, all approximately 150 of them, have done to turn the company around. Although short-term, the price may weave, I think long-term the Market is appreciating the fine work these employees are doing. I am willing to live with a dip, but I am confident we will not be returning to those cardiac days of 1997 and early 1998 again (in the near future). As you write, depending on how educated the investment community is, SPYG's price may be too high or low. With time, I hope the information will get absorbed, maybe with the next quarterly report!
All my best,
Osman. |
