Baldwin,
None taken. The best part of this BB is that the majority of the people are able to discuss these types of issues without getting personal. I'm hear to learn, and I can tell you, I've learned more than I wanted to know about some companies. Fortunately, I believe DCI will be a positive experience.
Regarding GE, I understand the point you are making, however had you bought a share of GE stock at the end of 81 when Welsh took over, your basis price adjusted for the four 2 for 1 splits, would be $7/share. GE closed today at $106/share.
The point I was trying to make was that although the growth for a mature company such as GE might not match what could happen to DCTC percentage wise, Mr. Welsh has increased shareholder value over 1500 percent in that time frame, or to use gross percentage numbers with '81 as an anchor, about 83%/year. After all, shareholder value is what it is all about for me. I only hope DCTC does half that well.
That said, I share your enthusiasm and will probably buy another slug of DCI this month. I do however hold more than a few shares of GE as you might guess.
Now back to our regular scheduled programming.
Rob |
