A fellow asked me the other day, " give me ONE solid reason why I should keep my Luxor stock". I was caught off guard with his question and it took me awhile to respond. I can understand someone questioning whether this is the best time to buy MORE or not, but I don't understand the question about whether to keep it once the decision has been made to acquire it in the first place. My question back to him was, " what has occurred that makes it a worse investment now than the day you originally bought it?"
Now it was his turn to fall silent. He didn't really have an answer to that.
I would suggest to all stockholders that we ask ourselves that fundamental question and see what our response is to it. If you find yourself struggling to even clarify what your answer is, that may be a warning sign you have "information underload".
From time to time over the next few months I plan on sharing a few glimmers of what I would call the "truth" about Luxor. I would encourage some of the former posters on this thread to join me in this effort and , who knows, maybe there is a new "lurker" that would like to come in on this.
Let's start with the following facts as taken today from Canadian Stockwatch and the underlying VSE reports:
Stock held by Luxor Directors:
R. Hull- 399,542 Common Shares plus 50,000 shares (options)
T. Lashman- 805,739 Common Shares
Y. Lashman- 796,676 Common Shares
K. McClelland - 50,000 shares (options)
J. Taylor - 401,751 Common shares plus 50,000 shares (options)
R. Trowse- 1,172,860 Common shares plus 100,000 shares (options)
I believe that the Lashmans also have several hundred thousand shares in options as well as their common shares. My point? Does this look like a company where the leaders hope nothing ever happens? Why keep adding to your positions or never selling any of your stock if nothing positive is ever going to materialize?
In our future discussions of the company, I thought it wise to start with such basic information as this so we can achieve a balanced objective perspective on what is going on with this company.
I am coming up on two years of being a Luxor stockholder and have spent hundreds of dollars on telephone calls and correspondence conducting my ongoing due dilegence. I'd be lying if I said I was delighted every one of those days with the way things have gone with the company. At this juncture, however, I think it is time to review what we know and then dust off the crystal balls and share what we "see" coming up in the rest of '98 and beyond.
Comments anyone? |
