>>Everyone in this thread is betting on someone's track record.<<
What's a better bet? When you consider buying into any other venture, what are the three most important issues you should be concerned with? Track record, Track record, Track record --- (don't worry, a great management with a great track record will take care of other concerns such as location, location, location). Walter Scott, Jim Crowe, et al pass with flying colors, and any new company of theirs deserves to be valued in the market at a premium.
If you prefer to buy no/low growth value stocks, in old industries, that sport, perhaps, undermanaged, undervalued assets, and then await some catalyst for change -- then hey, that's another strategy in the market. Is it a better one? Give me a shareholder-friendly, dynamic,experienced, stock-incentivized honest management working in the hottest emerging growth industry in the world any day. A-N-Y day.
Thanks for the counterpoint, though. Alan Abelson doles out the same kind of scared bear stuff every weekend in Barron's, and has for more than a decade. Although it would have hurt you badly to have actually followed it, it never hurts to just read it.
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