Mike: thanks for your response. My original intent was to point out that it is dangerous investing when, at this juncture, you rely on the company to give you information that you base your decision on. Again, I think that to be adding to position when the political environment is such that they could take another hit to earnings by further increased reserves is speculating.
Rather than Ken Fisher, maybe his Dad, Philip Fisher is a better light to follow through this period. Phil would tell you to try to get as many sources OUTSIDE the company to tell you what is going on INSIDE the company. To wit, the following quote from a WSJ article this morning. Good Luck.
"We're not rushing to switch people to Oxford," said Craig Miller, president of Westminster U.S.A., a White Plains, N.Y., benefits consulting firm that advises about 300 companies. "There's no reason to drop them," Mr. Miller said, "but I don't think they're the first one we'd put on the table for someone new." >> |
