FYI, some interesting musings from my dad, SrQuadK, former Wall
Street Venture Capitalist during the 70s-80's on value investing for the individual
investor. He's my top investment mentor, has taught me an immense amount of investment strategy (buying value cheap, holding for strong growth and price gains over time), and is almost always right, and entirely humble with success! Great stuff for those considering alternative investment strategies IMHO from the usual Mo Mo going on lately.
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An individual investor has significant potential following a patient, homework-oriented,
contrarian strategy in the current investment environment. Today's investors are affected
by the intense trading of the momentum players as well as the "herding" instincts of the
mutual funds and others who have their performance evaluated quarterly. Aware of
these extraordinary forces affecting stock valuations, the individual investor can
successfully apply a contrarian-style investment strategy that is based on active
homework of the public information available on a specific company and industry,
PLUS a lot of patience.
Now, case in point...NOVL: Everyone who has been following Schmidt's strategy
knows the company's new focus on the internet with NDS as the core technology.
Schmidt has been delivering a stream of exciting new products,some having significant
potential. These new products, over time, will gradually develop an increasing revenue
stream and higher profits.
Clearly, the stock price action over the past 16 months reflects some of this
potential...but, negative sentiment for tech stocks and some continued denial about
NOVL still affect the price today. However, Schmidt has been crystal clear about his
vision for NOVL. But, it's our job to try to understand what is unfolding here and what
the potential can be. Do your homework, reread the company's press releases as well
as reviews by professionals...then visualize the potential and have the patience for it all
to unfold...
Strategy worked very successfully over past few years with
turnarounds & buyouts that unfolded with NOVL, T, LSI, VLSI, FORE...staying very
focused.
one humble opinion....SrQuadK |
