Gerald, hard as this might be for some to believe, I'm not all that familiar w/ IOM, the stock. I'm aware of their products and all, but their financial performance...sorry.
Bear w/ me, but weren't their problems rooted in poor cost controls, lower-than-expected sales performance, and excess inventory/stuffing of the inventory-distribution channel?
Was there ever any allegations of financial wrong-doings there? Again, bear w/ me, but I had never heard of any. So I'm unsure of your point when talking about financial misstatements of companies going to the NYSE.
So...how applicable is that to the LBOR case? Most of the short battle cry against LBOR has been relating to accounting irregularities, a charge that has never been taken seriously w/in the 'established' investment community, and one that is looking less and less likely to ever be as time goes on. Those who have made such charges have yet to produce a single piece of documentation on any front in this area. I have no problem standing up in this bears' den and saying that for all to hear, challenging all to prove me wrong. I'm not afraid to take a stand if what I'm saying was true. If that were not the case, I'd not be foolish enough to make myself a target for such a reason.
If one is shorting LBOR of fundamental problems (such as the ones that I think I've recapped accurately in talking about IOM above), then more power to them. I don't agree w/ any such sentiments, as I think the co. is poised to continue on its solid growth path, IMO. But an intelligent debate on THESE kinds of issues is what makes these discussion boards interesting and informative. |
