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Politics : RAMTRONIAN's Cache Inn
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To: Tom Caruthers who wrote (14219)10/3/2008 7:38:52 AM
From: NightOwl   of 14464
 
Dear Mr. Caruthers,

Buffet backed up the truck at GE at a PE of 10, a toxic balance sheet, and expected losses for the dimly foreseeable future... quite possibly longer than old Warren will live.

Conversely... I'm sitting here with a warehouse full of RMTR paper at a PE of 5, a clean balance sheet, and expected profits and >20% growth for the clearly foreseeable future... yet there's not so much as a 1/4 ton mini U-Haul within a thousand miles.

I don't know what the YaHooHoo's are dribbling about, but I expect it is very probably as nonsensical as the foregoing. Nor can the emotion I'm feeling these days be categorized as any form of fear. No... no... this particular sentiment is much more akin to something like disgust... loathing... hatred.

Yes... That's what I'd say. Cold... abject... utter... hatred.

For you see... like Buffet I have been "greedy." Like you I have been "greedy" in accumulating RMTR for over 13 years. Indeed my "greed" knew no bounds... I do not need to tell you the rewards which were never granted for such high risk... "investment."

You have a balance sheet just like I do. You can see and "feel" it for yourself. Unlike Ramtron's (or any publicly traded company's) markets, management, measurables and financial statements... our balance sheets have a basis in reality... a reality beyond the needs of self-dealing middlemen in the world's banks and brokerages who have made The Trade more valuable than The Business.

But that is a long story. A story of trust abused... fraud normalized... counterfeit securities institutionalized... political corruption that Nero could only dream of achieving... justice exclusively for the super wealthy... and surrender of the cretin peasantry to a B-movie actor's delusions of noblesse oblige, caveat emptor, and a shining city on a hill - with "no" government regulation beyond that needed to keep the poor out and the competition down.

Frankly I'm just too angry to tell it now. Besides... it's an old story... older than John McMaverick... and his autistic side kick combined. I think I'll just keep looking for The BIG Rock... or a little revolution... I'm not picky.

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