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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: gdichaz who wrote (45987)8/30/2001 12:34:01 PM
From: hueyone  Read Replies (2) of 54805
 
Qualcomm is a case in point.

Qualcomm is a great case in point for demonstrating the horrible results that can happen to one's investment portfolio if one simply ignore the current financial condition of a company while relying on a grand vision of the technological future. The people who looked through the windshield at QCOM quality and potential while ignoring QCOM's financial condition have been hammered. Mike Buckley once suggested that he thought those people that paid $200 per share might be happy within three years. Well, we have gone about 20 months since the big Q hype and QCOM still needs to appreciate about 200% to get back the January, 2000 high. We have 16 months to go, but the evidence that buying on quality alone is a bad idea grows every day.

Best, Huey@theentireG@Kindexisacaseinpoint.com

Huey
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