"if Clearly goes to 5 are you going to turn to a "short term bear" and short? Are you in this for the long?
Or are you going to turn on us from long to shorter? and irritate us like the folks on the Ashton thread? "
Martin, your approach to all of this is too emotional. If a weak stock like Clearly turned out to be a three-bagger why not turn into a short-term bear? I am just ready to do some DD to get a sense of PSR and so on. There is nothing wrong with being critical of a company, even one you are thinking of investing in. After all there are tens of thousands of investment opportunities out there, we have to pass on most of them.
Anyway, if the stock does have a good chance to triple, I will get on board. What attracts me to it is the evidence of surging sales that I am seeing with my own eyes and hearing about second-hand. A la Peter Lynch... When I told my friend about Orbitz being popular she said yuck, etc., then casually mentioned she just had a Clearly Canadian strawberry watermelon. Didn't even know they were the same company. With the restructuring, Clearly might rebuild its sales internationally.
Unfortunately, the Clearly CEO is a typical Vancouver stock promoter type. On the other hand, they now have experience with the business and if, against all my earlier prejudices and expectations, sales jump and therefore the stock, then it is a good opportunity no matter whether the guy makes his living on Howe Street or Wall Street.
I actually expected the company to go under, and it seemed to me Orbitz was a last bad joke on investors but there is no accounting for the tastes of kids. |
