Hi Bosco. You are right about an education not really mattering. But, in my opinion, there are a lot of moving parts with CDO. If someone doesn't have an education in this day and age, well, they better have proven that they are bright by their past experiences. I don't see that proven success in the current management team. Nick definately isn't a "corporate titan". Would he be in his current position if he wasn't the son of the prior management official?
Maybe it is "intentional" that the financials aren't pristine? Maybe it is "intentional" that I didn't buy Microsoft stock at the IPO 15 years ago! :)
I put a lot of emphasis on a balance sheet. I love company's with $0 debt and plenty of cash. CDO is going backwards. More debt, less cash, a declining credit rating. For example, Conseco intentionally had a lot of debt for management to buy back stock.
You are right that everyone makes a mistake. But considering everything, I would prefer that someone recommending stocks isn't an ex-con, spent time in prison, robbed banks, took drugs, made questionable stock comments, has an awful mutual fund record, and has made some awful stock selections! :) I'm kind of funny about stuff like that. :)
Bosco -- I also enjoy engaging in dialogue with you! |
