Dave,
There's an aspect to Fonar ownership I should have mentioned in my brief summary. Bill Matthews writes a stock recommendation newsletter for inexpensive stocks. He recommended Fonar years ago and many here have traded this stock, buying and selling it, having found it through him. They've made good money in the past by trading it, but on the basis of the GE suit (primarily) and then on the basis of it being considered "undervalued" by Bill Matthews recently, they have decided to hold the stock hoping for big gains. Bill picked it as his best stock of the year recently and that confirmed for these people that the stock should not be traded when it spikes in the future, but should be held.
I subscribed to Bill's newsletter and hotline (reminds me I haven't called it yet this week-end) and I am impressed with his sincerity and dedication. Unfortunately, all the stocks of his I bought had either big crashes, or didn't move yet. He's "big" on fundamentals, but missed major internal problems in a couple of the companies I bought, that causes their stocks to lose about 85% of value in one, and roughly 2/3 of value in another. I bought all the bad ones! He has had good successes, too, but not among the stocks I bought.
Good luck, whatever you do. Let us know if you buy Fonar. I'm sure you'll receive a lot of email telling you why you should buy it. I did!
Linda |
