x y zebra, as I said before LU is a excellent company contrary to DELL CSCO or MSFT.
HWP or MOT are also excellent companies IMHO. They are diversified, including telecom workstation and PC's (all growth segments), strong R&D, inovators and leaders in their field which is growing at double digits.
As to the long term perspective and their stock price performance:
In 1994, MOT stock was around $45 were it is also today
HWP was also in the same range of $45 to $50 in 1995.
Now those were times even before LU IPO!! <ggg> or ancient history
as a side comment, LU was trading sideways for most of 1997 until the momentum players got in the stock in January 1998.
The stock trendline since the IPO point to a $50 range for LU.
Sure you can speak of DELL and CSCO now, but in 1994 who was the greater company?? CSCO or HWP?? you gamble and those gambling on CSCO or DELL won until recently,
How will DELL, CSCO or LU stock price be in 3 to 4 years?? who knows.
So were are the rewards of long term holding??? Well follow the herd of dumies and talking heads, hope to get lucky. Just bail out before anyone else but not to early <ggggg>
You also mentioned Mr. Warren, Oh Well - how has he done with his investment in Solly for so many years, remember he got a better deal than teh ordinary shareholders, or more recently his supposed investment in silver???
Haim |
