Jeffrey, re. COO. My take on past events is different.
I bought COO after you brought it to the attention of this thread and after I ran my screening ratios - and concomittantly because of your involvement and study of the company. Now I own COO at a profit. So thank you. Yes!
I think at current prices it's a risky stock. My eye-doc who buys their products, says they are in a very competitive business. But I again and still, defer to your expertise that they are market leaders.
My recollection is that you were not so confident months back as your last post here suggests. I think you were VERY upset that, as I recall, you had just recently talked with management and yet, quite soon thereafter, they blindsided you - and everyone else - with their earnings announcement and/or outlook. I think I recall you then posting on Yahoo that you had absolutely lost faith in the management and/or would not recommend the stock. I almost sold at that point. In other words, for me, I certainly back then, do not recall any postings by anybody that the problems COO had were temporary, due to shifting manufacturing, and likely (as I infer from your last post) to be resolved to the benefit of patient investors.
But my numbers still looked okay to me, my position was small, and I didn't see you say you were actually selling, so I stayed the course (too). It just wasn't easy, simple, or obvious to me. And as regards COO now, it still isn't (for me -g-)
Paul |
