Daniel,
How then do you explain Singer (SEW)?
JD sung its praises to be the next Sears Roebuck!
JD does a lot of vacationing; Oooops, I mean (tongue in cheek) "business traveling". He thinks he can get a good "feel" about how a company is doing by looking over the business, talking with the CEO and Presidents of a company, and by talking to the locals. This to me is looking at the world through "rose-colored glasses". Common sense will tell you that most any visitor to a corporation, when taken on a tour of the property, (especially with an investor like John D.) will be shown one glorious time as they put their best foot forward. He will be shown exactly what they want him to see, not what is. And, they will be "putting on the ritz" for him because his suggestions will and do bring in new investors. The real story is in the income statements and balance sheets. As investors, we all need lessons on how to read the financials. The Dessaurer Global Equity Fund (DGE), run by John D and loyal side-kick, Thomas P. McIntyre invest in the same stocks he advises to his subscribers. If you check the chart, the lines look like the S&P 500, upside down. Check it out on Yahoo.
quote.yahoo.com
Very dismal record. The March 31, 1998 annual report states, "Dessaurer & McIntyre practices our profession the old-fashioned way. We do not rely upon technical analysis or computer screening. We get out of the office and go to visit companies" And this, my good friends, IMHO, is the entire problem. John should travel less, and read the financials more! And, last, but not least: The person who needs to be reading this board MOST, is JD himself! But he can't; he's vacationing on subscription money; I mean "business traveling"! |
