You tell 'em Bob!
Good morning! In my favorite newsletter I found a Warren Buffett quote worth passing along to the other weary SOLV longs here:
From Buffett's book....
"Coke went public in 1919 at $40 per share. By the end of 1920 the market, coldly reevaluating Coke's future prospects, had battered the stock down by more than 50%, to $19.50." ((WAS ASENSIO AROUND IN 1920??)) "At year end 1993, that single share, with dividends reinvested, was worth more than $2.1 million." Buffet went on quoting Ben Graham as saying: "In the short-run, the market is a voting machine- refelecting a voter-registration test that requires only money, not intelligence or emotional stability--but in the long-run, the market is a weighing machine."
I don't know when SOLV shares will reach $2.1 million each :-), but, no matter what Asensio, P. Richards, racer, Gary and the crooks or other pessimists have to say I'm confident that as SOLV begins pulling in the revenue from oil, then, TiO2s, alumina, precious metals AND the licensing of these patented technologies that the share price will reflect their earnings and predictable earnings more fairly. That price will be far higher than todays.
How many people do you suppose sold Coke shares after it dropped below it's offering price of $40 in fear that they had made a mistake? Do you suppose they had any regrets as life went on about making that mistake? SOLV will not be a Coke, but, the potential is real and SUBSTANTIAL.
My point is this: DO NOT LET THE NEGATIVE HYPE SCARE YOU OUT OF WHAT MAY BE ONE OF THE SINGLE BEST INVESTMENTS OF OUR LIFETIME. If you must sell some, but, don't give up on your intuition. It knows Asensio and the rest are full-of-it. They are out to profit and will stop at nothing to fail. Unfortunately for them the legal proceedings will result in complete vindication for SOLV.
See you on Maui someday! (Sorry-SOLV supporters only.)
Aloha,
Dave |
