SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cascade Communications (CSCC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Fugmulch who wrote (2595)2/27/1997 9:02:00 PM
From: Andrew Q. Viet   of 3743
 
I think your use of diversification as a reason for Smith to sell his CSCC shares is rather weak. First of all he didn't have to wait for the stock to plunge to suddenly realize that he had to diversify. He had sold a lot of CSCC shares in the past and I think he has already used part of those proceedings to diversify his porfolio.
Secondly, his job is to maximize shareholder's value. He is the captain of the ship, so he should be the last one to leave the ship. His selling at least indicates that he either doesn't have strong convictions in the future of the company or he doesn't care much about shareholder's value.

Either way you need to have nerves of steel to buy when the captain is jetisoning his treasures out of the sinking ship.

Good luck to all and I am waiting for the dust to settle before deciding whether to have a small stake in CSCC or not.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News