I agree with him in LTBH, even if we are in a time period where shorting and using innuedno, McCarthyism, or rumor to dump down a stock has all but destroyed the value of that investing.
but I disagree with his analysis on stock options. they are a means to an end. Cash does not motivate managers long term. It gives them instant gratification and bolsters no loyalty long term to a corporation. It makes them just what thes short rumor mongers are trying to imply. Money hungry short term employees. Options can be abused by anyone, but they can also be used well. Qualcomm uses then well and fairly and treats everyone the same. same vesting schedules. Notice that all the stock options now outstanding are basically mostly underwater. And if employees try to exercise them, they get hit double in that they may take a loss and they get hit with AMT tax. (In the case where they are expriing options at 5 yrs plus 90 days). That sounds like someone is going to get real rich off of all those...
I would welcome a return to LTBH, but today unless the SEC is will to start trying to take on people who can spread a rumor and drop a stock 20 points in a week on NOTHING and then make a ton on it, we are faced with an even more serious long term problem.
My posts have been pretty furious, but these people today have not given anything specific which is wrong, but rather trying to reflect their witch hunt onto stocks in which they can drive it to make a quick profit. Why else would people who claim not to own Q spend so much time and energy posting things here?
I build alot of this company and spent 15 years of my life there. I diverisifed and am into bonds now, but I still hold alot of stock and I still believe in the way IMJ works. He does not speak out against these rumors, he just goes back to what has proven him out time after time. He jsut goes and does what he says he is going to do. He does what he says he is going to do and performs. Time and time again, inspite of all the doubt that these people raise.
this last week, everyone has been saying he can;t make chip set shipments. He comes out today and says not only will he make them, he will make his estimats for the Q, ahead of the end of the Q. He has positivie cash flow and no debt. tell me what other tech company is in that positon today?
None of them. Now if these complaining idiots would go back to the hole they crawled out of and go short some other nice target, we can move on. |
