<Whoa, now THAT'S harrasment. You better reread your post NYBellBoy. FBI? IRS?, with guns?...... >
First of all, thanks for the balanced response PP. Didn't surprise me that it came from you.
As to the off the wall response above, I was definitely surprised (even for barkboy).
<.... Pat has made contributions to this site.......I think SteveG is
overly conservative in his skepticism towards Amati, but that is how
a good investor should be otherwise a fool and his money...>
No argument there. As a large shareholder, she had regular access to company higher-ups and to details most other did not. And she also did a LOT of digging, and always posted her "findings" (at least the positive side of them) thoroughly, thoughtfully, intelligently and cheerfully. Of course, MY concern was that it was ALWAYS one-sided (not unlike the commercial "programs" late at nite - though with a decidedly sophisticated flair and a seemingly "well-researched" veneer). Therefore, I felt constrained in my OWN approach to publically considering AMTX, feeling the NEED for an emphatically conservative and "other"-sided skepticism. But you knew that.
<..I don't always agree with him and sometimes he's not entirely accurate (e.g. Amati stocks should be worth 2-3 dollars if I remember correctly ((TI can't be off by a factor of 10x)...>
To be honest, not only do I not remember such a post, but knowing that I always represented what I thought, even on the conservative side, I don't think I ever made such a representation. The only way I could see that this would have occured was in doing some conservative analysis of earnings expectations and applying a PEG valuation model. Even under this kind of evaluation, Amati wouldn't be worth $2-3. Not expecting earnings for a year or two, Amati would have had NO value looking at a TTM PEG valuation model.
In any case, let me clarify that my position has been more one of uncertainty whether Amati would ever be able to get the kind of numbers that it's trading price anticipated. Not that it *couldn't*. Just that with the inevitable (IMO - though not in most opinions found here) delays that the telcos would effect, and the likely competition from far bigger players, the question was WOULD Amati make it to the $100 to $300 price targets most here took for granted. As you know, in conservative consideration, I questioned whether it would even make it back to the 30s. Thank God for TI, huh?
Anyway, thanks for YOUR insightful posts. Other than ASND (which I bought some of recently), do you follow/post elsewhere? I'd be interested in your opinions, and your "handyman" prowess, on any stock. I have to admit, I did think of you when I saw, months back, the cover of Upside with Mory holding a plumber's wrench in his workjumper.
Maybe you'll email me... then again, maybe you already have <g>
Regards-
Steve
BTW - saw Amistad tonight. It was a powerful story told poorly. Or maybe more forgivingly, told in picturebook form. It COULD have been done so much better, but would likely lost it's mass-appeal/ commercial value. It'll be interesting to see how reviewers rate it and how well it does. I hope the REAL other gets her peice of it. Maybe she'll finance a more "grown-up" approach...
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