Aus, I'll repeat what I said before, unless you wanted management to come up with a press release when the price of the stock vaulted above $140 saying: "Management believes that current price of the stock fairly reflects our expected growth over the next six to eight years", of course, it could be in the style of Warren Buffet stating (paraphrasing) "the current price of our stock is out of whack with reality" (he said that while issuing the BRK B to the public).
Look, if Eli would have said what you asked when the stock was $90, today he might be facing law suits from disgruntled share holders holding positions worth only half as much. There are plenty of ambulance chasers out there combing unusual declines of stock and all the statement made by management prior to those declines to find something they can hang them with. I think that shareholders should stop putting pressure (as subtle as this thread might be) on management to come up with press releases when the stock is still selling at 40 to 50 times the current FY earnings. VSH with a proven track record of rapid growth over a number of years is selling at about 15 times the current FY expected results, and has declined from a recent high much faster than SNDK. Personally, I do not laud the chairman comments, but at least there is more visibility there then here.
Just my opinion, of course.
Zeev
PS, By the way, I like VSH very much, so much that I bought back in today. |
