First of all, sorry I am posting so many messages to the board, but people get upset if I don't write them back.
You say this company is a "cash cow," presumably based on the unaudited earnings they have presented. On the other hand, you say that analyzing the earnings "just isn't important at this time."
So... the earnings are true, as long as you don't look at them. I'm incredibly handsome in the same fashion.
Two plus two generally equals four. All I used was simple addition, subtraction, multiplication and division. I know it's a lost art, but... If you are indeed a student of mathematics, and anything can be proven, then please prove my numbers wrong.
If it can be done, then do it! Nobody has yet.
It's interesting, the number of people who admit the 3rd Q numbers are likely wrong, but then use to them to assume the company is still a great buy, based on the fact that half of what FAMH says might be true.
If a friend told me the truth half the time, he wouldn't be a friend long. And I sure wouldn't give him hundreds and thousands of dollars in the hope that he would give me it back someday.
I didn't want to wait for audited financials, since if they fail to reflect the same earnings (as many people have agreed, you should see my e-mail), then everyone will rush for the exits at once.
If the financials match, big deal. Most people here assume they will anyway. I doubt Fidelity and Magellan will start scooping it up, especially since the financials for last year have little bearing on the company this has become.
As it is, the stock is steadily losing ground from its recent .47 peak.
I know common sense can be a losing battle. Nobody believed (or probably remembers) that I showed the Myriad acquisition wouldn't have a high profit margin while still being affordable to FAMH. They had to hear it, not from Ira (who called Myriad "highly profitable"), but from an anonymous e-mailer (!) who compared margins across the same industry, which were about one percent.
You'll believe me come February,
L.E. |
