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Non-Tech : Simula (SMU)

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To: Richard Silvers who wrote (1358)9/2/1998 5:58:00 PM
From: Ty Morgan  Read Replies (1) of 1671
 
as I look at a 5 year chart of UIS 5 to 20, thats a 10.5 % anualized rate of return, Much Less than 1/2 of the S&P500 return over the same period. I bought cisco in 1991 at an average cost of $2.63 per share, and still hold every share. Now that is a company that knows how to create shareholder value. There are too many good companies than to waste time with the current managment of SMU. Five years ago the stock was at 5 today it is at 9. You might be able to trade it, but it is not a good "investment". I hope I am wrong- for your sake.

Good technology, but they don't know how to make a good return on capital. they are destroying shareholder wealth, and I'm glad it is not mine anymore. Enjoy the ride. Remember BBN Corp, the "inventors of the internet" who ultimately sold out to GTE.

The best thing managment could do is sell the company to someone who know how to run a manufacturing business. The world would be alot safer place to live.
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