Ggamer,
Did not mean to upset you.
I re-read my post and have no idea how you came to the conclusion that I'm upset about anything. Regardless, if I somehow accidentally conveyed that, please accept my apology.
The only reason I asked about gorilla gaming being intact is because Geffory Moore told us, I think, about a year ago that he did not feel it was a good time to be gorilla gaming and he recommended for people to get out of the market! Most argued against his move.
You're right. However, I would clarify that my impression is that most people argued that he had no "license" as Paul aptly put it to make those sort of calls.
Does the manual talk about "free cash flow",
I don't remember that it specifically uses that term. Instead, it refers to profits on a regular basis. One example on page 88: "To buy a share in a company is to buy a share of all its future profits after taxes." If you agree with me that free cash flow is a better measure of profits than earnings, it's admirable to keep a close eye on free cash flow.
I am not sure why you would not even identify the gorillas because of one outstanding factor that has not been decided on.
What factor is that? Run that by me again. I'm confused.
I wanted to know if you had bought any stocks lately because I still see you as a very smart and safe long term investor.
Thank you for the compliment, but don't forget that I always advise everyone not to make any decisions based on anything coming from my keyboard.
Also have the gorillas met your expectations that during down turns in the economy and market crashes they behave better than the rest of the stocks.
I've never had any expectations about the stocks themselves. However, I am very surprised that they've fallen as far and as fast as they have. If I had had any idea that it would happen, I would have sold and justified the sale primarily with issues about valuation.
As far as I can tell, for the most part Gorillas seem to be holding up as companies far better than non-Gorillas. None of them have declared bankruptcy. None have gone out of business. Some, such as Siebel, have consistently improved their cash position and balance sheet throughout the business contraction while their lesser competitors' balance sheets have weakened.
How have the Gorillas held up relative to your expectations? Have you bought any stocks lately? Do you think gorilla gaming is intact?
--Mike Buckley |
