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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: jim black who wrote (7006)12/27/1999 11:44:00 AM
From: Dragonfly  Respond to of 10852
 
I'm not completely out, but I've been reducing my position.

The reason for this is simple: I do not have confidence that Loral managment has:

1. Been completely honest about both successes and failures.
2. Has shareholder value as its primary goal.

I took those two things on faith before. But now I'm really questioning them. I'm not accusing them of thieves and saying the company is a shell game-- I'm just saying that I haven't seen enough evidence that this is a very high quality company and for my money, I prefer to invest in very high quality companies.

It too bad, though, as I spend a lot of time and effort.

Dragonfly