doug, you may well be right cause I just read that the I* launch from Vandenberg was scrubbed. I'm from San Francisco and Vandenberg is 280 miles south of here but the whole West Coast has been battered from stem to stern for a month now. Unfortunately, same seems to be happening on the Right Coast too--isn't Florida supposed to be where the Snow Birds go and it's 72 and balmy 365 days a year? I'm not too high on their climactic reputation just about now and feel about 10 1/2 months pregnant.
Did you see Bernard Schwartz on Moneyline a week ago--interviewer asked him "Well, you must be used to these delays by now" [this was just after the 2/5 launch was scrubbed] and BS made it quite clear in his reply that he "was not used to it" and was "very frustrated". Course he's been building G* for a few more years than I've owned it and has $2.5 billion riding on it which is about one quinzillionth of my investment so when this baby flies I suspect Mr. Schwartz will head directly, without passing go, to the nearest bar stool and stay there for a few days. Wish I knew which bar!
Diogeron, I hadn't thought of Freddie, Fannie, and Sallie as quasi-government organizations which are now private, but you are right of course and the analogy to LOR is appropriate it seems to me. My, my-Mr. Buffett again, eh? If that guy has made more than three goofs in his life, I'd be surprised. Actually I can only think of one, US Air didn't work out too well. His 'deal of the year' as far as I'm concerned was the Dairy Queen purchase--did you see the numbers on that? I didn't think margins and cash flows like that were generated by any one but those in the, shall we delicately say, "importing" business. Of course, since he's now sitting on 20% of the deliverable silver supply, he may be in a position to top Dairy Queen, but it won't be easy! Regards, Mike Doyle |
