The criticisms of GX are no different from what I have seen WRT the other MNOs, except that GX directors seem to sell in advance of larger economic downturns, not their company-specific downturns. The last time they sold in Autumn at ~30, I thought they were wrong to sell. Then I saw why they sold. I believe they sold for the same reasons this time: the possibility of a protracted global economic downturn.
As for Robert sharing his thoughts about large portfolio holders and their insensitivity to when//how they sell, his remarks were well-prefaced with the idea he was simply offering another perspective, and he pointed out that he was placing little weight on the thoughts, simply that from another perspective these sales could amount to risk-exposure adjustments in their holdings. I actually cashed out a portion of my holdings in the ~12 range, *prior* to Winnick's posting of his sales. I hated to do it, but I could smell trouble coming somehow, and did not feel comfortable with my cash cushion for the next several years in the event of the *big one*. I will await further confirmations of the larger economic picture prior to doing any further adjustments.
I think the subject at hand here is GX, not Robert Sheldon.
As with any poster, it is their substantiation of their thoughts, not their past accomplishments nor earned college degrees which will allow me to accept their arguments. Just because someone has a good track record does not mean they will be correct this time, so I treat every situation as a fresh challenge.
Let's stay with GX as a topic, and if someone wishes to share personal experiences I appreciate that.
As for LVLT treating shareholder's with greater respect, I can see this has certainly gotten those shareholders' a lot more.....partially completed network with personnel layoffs and shortened business horizons, low(er) share price (from $125 to $7, vs GX $65 to $8), and poor bond performance. What sort of hope are the LVLT longs holding onto? TCM? WCG? TSIX? I believe CSFB took advantage of the situation to make a killing, before somebody else got up to do the same...
I believe the final whack given to GX was to be expected, since they were the only ones not yet already whacked. Now it is up to GX to execute their business back to where it commands greater respect. At least with GX, there is this possibility.
Martin Thomas |
