Tavros: Very good, but non-action could be much simpler.
Me, big Al G., I have bought and sold Nextel so many times that I have a drawer full of slips. That doesn't mean that I do or don't believe, however, the truth be known, I do believe in the company as a whole. I don't believe in current management who have deviated from a good plan.
Stock valuation: Is it based on ARPU's? NO. Is it based on the annual meeting? Don't be foolish. Is it based on cash flow? only a minor consideration. Is it based on profits? only a minor consideration for now. Well what is it based on, you ask. It is based on three major components: Investor popularity toward the communication industry, health of the communication industry as a whole, the ability of Nextel to demonstrate "clear cut" financial improvement, over time. All three considerations are failing, at the moment, soooooooo, time to bail until something positive happens.
Right now owning communication stock is not the "in thing."
Someone said, "to be a good investor, you have to know when to hold em, or when to fold em."
I personally think that stubborn long term investors, are just another term meaning "lazy investors." A good investor will do his homework and move the investments to yield the biggest return.
Regards from
Al G., lurking from under Ed's fence, waiting for a bargain, Nextel at 26.(don't forget you all laughed when I said Nextel at 28.) |
