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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (34073)4/5/2009 7:30:07 AM
From: anializer  Read Replies (1) of 78783
 
Thanks for your DD - I haven't really made up my mind on LAD. I'm more worried about dilution than I am about voting power in general, as the little guy never really has any say in a vote anyway. Whether current management will destroy the Co. is really the issue for me, and with such a stake, I can't see the incentive for that.

On another note, I like the pattern on SBLK, which did $2.55 a share in 08 and 89 cents in Q4. The idea came from 50% gains board, and I like what I see so far. Book value indicates a large discount in the current stock price, selling at some 75% discount. The trading activity indicates a stock destined to go higher, maybe not right away after a 16% pop Friday, but it still seems very cheap after that pop.
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