G'day all - advalorem, your fustration is understandable, especially some of us have bought in at a higher level. I don't remember I mentioned here or Individual Investor, I think share repurchasing is a good thing to enhance LT shareholder values; however, I would be concerned if CDO mgt uses it as a share price support mechanism.
Rather, I like to see Mr Pontikes & crew become more visible sharing the company's vision with the financial communities. A CMGI backed dotcom, Craftshop.com is said to be filing for bankruptcy. So, there is obviously reasons for the street to concern about the incubators. That said, unlike CMGI, who has moved into the M&A arena, CDO investment is at a venture level, one homerun can pay for a few fouls and errors!
Over the weekend, I ve gone thru her list in the S3 for CDOV
freeedgar.com
[I thought it was a S1, but maybe it is not a true ipo]
The list of private companies have quite a number of potential gorillas of the future.
If the technicals didn't look so precarious, I'd add position. Instead, I am going to hang on to my core position and see what happens next
best, Bosco |
