Yep, I certainly see your point - if everyone knows it is
so bad, then how low can it go. Must say I've got to understand
it a little better myself. Liquor is actually a good business
in terms of economics, so if it is lousy for VO then why
are they mismanaging it so? I've been burned a bit just
buying because everyone hates something. Most of those times, I
didn't understand it enough myself, but figured I'd be
a point man for the contrarians. 50% lower, I'd be sitting
there saying, "Boy do I know market psychology - everyone
really did hate this stock."
BTW, I'm an arrogant SOB to some, the kindest/gentlest doctor
on earth to others. Come now, are there really any good guys
left? <g>
Good Investing,
Mike |
