Clive:
Yeah, I sold some shares down there, too. Sold most at about $7, shortly after the institutional offering led by Van Kasper -- but then suffered, bitching for what seemed forever, under the guidance of Price.
So who do you think is available for a song.
Stuff that I consider to be unreasonably cheap, down in dead-money land..... MCDE (including chunk of Iconix), NBSC (including over 80% of DGI), and KDUS. MCDE has at least one seller, potential downside on "lack of cash" concern, and a history of poor performance, and the latter two are completely illiquid.... you can't sell if you buy. VPHM has now popped.... it was a no-brainer a couple of weeks ago, and it still looks cheap to me.
I also still like BTRN, NBIX and NRGN for relative valuations.
Mostly out-of or not-in favor stuff. Would not recommend moving on anything in the sector, at this time, without tons of homework. Lotsa downside potential for many or most issues.
Cheers! Rick |
