Bengalus-
Shorting is a position, I take it myself sometimes, but I've never confused it with investing...It is just a perverse play to make book against a company. I frankly hope you find your shares. A large short position is often the propulsion for a rapidly rising stock.
You berate DR Epstein because he accepts the findings of research "unsubstantiated",so you say, by "peer reviewed journals". Perhaps, that is your diagnosis, but if you base your financial decisions on nothing more, that is to short a tiny little company with a 5M share float, only because they haven't proven to you that it works, then you should be ashamed to call yourself an investor. Perhaps, the Dr. understands the workings of the body well enough to make every bit as sound a decision as yours to buy the stock!
Your comparison of Apple at this juncture with GUMM is rather absurd and I am pretty sure that isn't what the good doctor meant. Apple did,after all, start from a garage and once was more humble than GUMM...It is difficult to argue with your analysis of the company's past record, under Kern they made several mistakes. But, you have little understanding (of this I am sure) what is happening at this company. Under Kehoe, they have substantially turned the company around and have garnered real contracts with private labels which will most certainly grow revenue (I think dramatically) over time. Kehoe was opposed to Kern's decision to bet the ranch on Cigarrest and this certainly put the company behind the eight ball. They are now, however, experiencing positive cash flow and on the brink of real earnings. Have you any real first hand knowledge of the company? Have you spent time with Kehoe or seen the plant? Having done these things I have a different point of view than do you about the companies prospects...Of course they are no APPLE, neither was APPLE in the early 70's....Every company starts somewhere and I believe this one will do well and could not care less whether you short or not.
What it all boils down to is you take your best guess and Epstein and I take ours as to what the company's prospects are...I like my chances for this to be a long run home-run. Time will tell.
Take your short term gains if you are very lucky, the real money will be made on the long side (and you get to keep more of it from Uncle SAM).
I also don't care if you talk the company down, we will all take our positions and let the chips fall where they may, but you can take your self-righteous act elsewhere it doesn't play here.
Regards,
Mike |
