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Non-Tech : Cannondale Corp. (BIKE)

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To: Greg Ballinger who wrote (2)6/30/1997 5:09:00 PM
From: Marco Polo   of 103
 
I've been thinking about it Greg, and I think you're right. Last night I looked hard and realized that in the past year it has been as low as $15 and as high as $27 and change. So I got in at $18 today.

Being a long-term investor, I realize that the price I get in is not so important as making sure I do get in. Cannondale never lets its customers down, and I can't see the stock letting me down if I hold it long enough. It is dirt cheap in here.

Even if the next year trades as low for Cannondale as it did in the past year, I figure the high will be $9 above what I paid for it, and the low just $3 off. That's not bad at all! But really I can't see Cannondale staying under $30 for the next year. Its prospects are just too good at this point. The market is looking into the past, not to the future.
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