Hello all, sorry for the delay in response. I have been rather indisposed the past day and a half. I have a question for everyone out there - What difference does it really make, as to what specific industry we are involved in, as long as it generates growth and earnings that allow our investment to be profitable?
Now, first response pertains to the concept of this new project not being sexy enough. If you believe that the Internet plays are sexier and that's what you want, then go invest in one. It's not much different than getting married, if you find it impossible to get turned on by anything other than a blond, you'd better go find one.
The question here is really pretty unidimensional - Does this project have the potential to generate growth and earnings? From what I know about it, that potential is there, whether or not it materializes may be another story. I have always maintained that I am an investor not a trader and so the level of "sexy" doesn't really mean much to me, as long as the venture flies.
I have remained comfortable holding here for 2 reasons - the first is that I believe the people behind it are capable of finding an appropriate project and making it fly, the second is that I got in cheap originally, sold enough to cover my original investment, or at least most of it and so it makes it easier to be patient.
Keith, I agree with you completely as to the potential of getting involved with a product like this. If this winds up being tied into a deal that uses Taylor's manufacturing capabilities, then it may also be the deal that causes WRN and Taylor to remain an intact venture. That is something I would personally like to see, but didn't believe was going to be the case. This would also give us the industry diversity that has been being discussed here on the thread, which would be a very good balance for the cyclical O&G market.
Just some thoughts from an investor who has been here for some time.
Salut,
Leigh McBain |
