Robert,
<<Am I the only one that thinks that the tracking stock is a bad idea? >>
<<Better they focused on their business than watching their stock price.>>
I have been wondering when we might find something to disagree about. (Fortunately we didn't disagree about GLM<G> ).
I thing QNTM mgt is doing exactly what they should do to enhance shareholder value which is, rightfully so, a major part of their business. In fact, to be honest with you, I think the DD captains of the past have been entirely too indifferent about shareholder value and I see QNTM's move as refreshing and encouraging. It is frankly, one of the primary reasons I was finally attracted to this stock. However, from one fundamentalist to another, I can appreciate your reaction to it. Both of us likely want to see something accretive out of this. Something concrete with real value. Well, its probably not there. Its the same assets and the same revenue streams and the same troubled, and less troubled, business units with the same set of strong and weak points. Is the difference going to then be simply perception? Maybe. But take some advice from an old marketeer. Perception can mean a great deal. Which is why good marketeers are a bit like shamnistic alchemists. You know. Turning chicken shit into chicken salad is a neat trick. Especially if you are in the chicken salad business and have a limited supply of chickens.
Another comment. Lawrence is right. Maxtor is tantalizing at these prices and not just to individual wandering investors like us. They are a primary take over target IMO.
Best,
Stitch |
