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Strategies & Market Trends : Value Investing
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To: sjemmeri who wrote (16814)4/11/2003 10:53:02 PM
From: James Clarke  Read Replies (1) of 78639
 
I got lucky - sold all my Apple about three weeks ago when they named Al Gore to the board. I'm serious. (I was getting antsy anyway, but that did it)

Now we know why. "Mr. Consultant, our board is deadlocked. We need one more vote. We're willing to pay whatever it takes. Find us somebody stupid enough to vote to spend $6 billion on something dumb." Apparently they found their man.

I guess he was qualified. After all, he did invent the internet.

I own a lot of high cash balance companies and this is the danger with any of them. I call it "BDA Risk". As in Big Dumb Acquisition.
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