Lazarus,
You have a great track record on microcaps over the years, probably the highest percentage gains ever recorded on the board. I appreciate your picks (thank you!), and I have acknowledged this before.
So given that fact, I don't think you should take it personally when I have questions about one of your picks. It is not because I am a hater, but because I actually want to buy the stock but have issues with it.
And maybe you might even learn something by answering my questions. When a company doesn't seem to disclose adequate information I see it as a negative. I'm not sure why you call this ignorant except that it contradicts your opinion, but I'm open to being shown the error of my ways.
Given all your huge successes you can afford to have a few losers, but that's not a luxury I have with my portfolio. Everyone is fallible sometimes, so I think these kinds of discussions can be helpful if you don't take them personally.
Right now, I view MBNC as a high risk/high return stock, but with lack of adequate financial disclosure (IMO) it is just too risky for me. For now, I'll wait another quarter or two and see how income turns out. From prior Q1 and Q2 press releases it seems like they earned money on non-repeatable sales of troubled assets that they no longer own, so income may not be great next quarter. It is just a guess since I can't find the details.. Maybe I am wrong or maybe they'll get interviewed on CNBC and I'll miss out on a quick double.
Best of luck,
MC |
