Here is a telling question (in my view, anyway):
If, when we were at $72 a year ago, someone had magically delivered the next 4 quarterly reports to you, what would you have guessed the stock price to be? $100? $150? $200?
Sure as hell not $20, that's for damn sure. While we were, no doubt, over-valued at $72, there's little question in my mind that we're ridiculously undervalued at $20. The last two quarters have been unbelievable blow-outs, and here we are in this ridiculous trading range.
I don't sweat the stock price that much, though. This is an outstanding company, and as their growing dominance in the field becomes recognized (see today's press release that we're gaining market share while Slushma's precious Schwab is losing market share), we'll be where we want to be when I'm ready to sell.
Thanks again, Desert Fox, for your posts. |
