INVESTING IN SMALL CAPS: A great post
==============================================================
Skipard Nov 16 1997 Reply #6129
I think taking the role of Devil's Advocate is not a bad one since it makes us think. I have not the knowledge to refute your points one by one. The answer lies in management. Are they creditable? Are they honest? Do they know there business? If the answer is yes to all of the above then most of what you say does not wash.
The above is from an earlier post. Will Rogers I ain't, but I have more experience than all of you combined on this board in dealing with managements, on a day to day basis. That is fact not fiction. I run a very big business doing strictly that. I am not the smartest guy in
the world, but I have a multitude of very smart people that work with me, and together we make a very formidable team.
I have had the good fortune of meeting John Jenkins, and Doug Kelsall, in an informal environment, where people look you in the eye, and discuss a number of things, not all related to business. When I bet I first consider the horse. If the horse makes sense, in this
instance TPRO and Y2K, I then look very closely at the jockey,i.e, Jenkins, Kelsall, Hagewood, etc, because if jockey is no good I have very little chance of winning my bet.
techstocks.com
After doing my DD, I met with these gentlemen, and once since, in a 3 month period. I decided to make a very large bet on them. Does size make a difference, no, I just have a high threshold of pain, and I swing for the fences. These guys are honest, smart, know what they are doing, are regular guys, that you want to have a drink with, play golf, do guy stuff,i.e, real people. And you know what else, they are in the right place at the right time. All in all, not a bad combination.
Models, cd's, FLR,PP, url:links,NMS, nice way to spend an evening. However, I went back to my original notes, and that is my forte, I ain't smart, but boy can I write good notes. You tell me something, and when I come back in 3 months and the story is different, I want to know why. I took notes on each of my visits with these gentlemen, and I reviewed these notes over the weekend, and the story is 2x as good as it was when I first heard it 3-4 months ago.
This is a $6 stock, and we give it more analysis than INTC,MSFT,etc. If this were a small little drug company, or a small tech stock with the market opportunities in front of them that TPRO has,even in this market, you know where it would be selling?? A lot higher.
I get involved with a lot of startups, requiring different levels of financing,PP's, secondaries, and in my memory, none of them has ever had the market opportunities that TPRO has. TPRO needs money, and they are going to get it the best way that they can. Whatever they raise, we will get back many times over, so who cares.
Investing in small companies is an art, not a science. By that I mean you can over analyze a situation. I have 56 pages of notes on TPRO, and I have reviewed them in detail. Three months later half of them are history, and should be thrown out, but I do want a historical
reference. TPRO is a moving target, and the target is moving at a very high rate of speed. Last week's story, will be history in a month, and so on.
Do any of you own any other stocks. If so, do you know what the next 3 quarters are going to be on each of the stocks you own? Do you know what they are going to earn in the 1st quarter of 2000? Do you know what their business is going to look like. Give me a break, and we are tearing apart every issue, number,alliance of TPRO, like we really have a clue. FORGET IT!
I know shots are coming, but I will click through them, because so much of this is a waste, so why don't I get off if I don't like it, I love it, I love all of you, I just would like to get rid some of the BS, that is my only goal.
WE GOT A HORSE, WE GOT JOCKIES,WE GOT A WINNER,CHILL OUT AND ENJOY
IT. |
