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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (6810)2/21/2000 3:21:00 PM
From: Mike M  Read Replies (3) | Respond to of 10293
 
Do you have an open mind? Really?
You believe GUMM must go up indefinitely? Never think about taking profits?


"Think about taking profits", of course I do and someday may consider it a good idea. That would be when it is significantly overpriced and has discounted earnings years in advance. I don't see that situation on the horizon yet.

Also possible would be the scenario that a big pharma decides they want to own some or all of this company and I don't want to own the big pharma....

Keeping an open mind is essential. If GUMM's management fails to execute the business plan then I will exit the stock. To date I have no reason to be unhappy with management. Wexler and Hank have harped for months on the failure of this company to be profitable. Last quarter they made .13/share.... Now it is a "fad product"....Cold-Eeze II...Nicotine gum can't work...yada yada yada....All I have heard from Hank and Wexler is "POS" this and "fraud" that.

Personal attacks? I have been called every name in the book and have resisted doing so in return.

This is mostly about fair play and I don't see much of it on this thread. Wexler foolishly predicted the stock would go below one "soon" many months ago and then quickly showed he knew nothing about the company. He predicted they would never be profitable and six months later was proven wrong. He sold the stock short at 12 and it went to 36...etc.

Can the product (Zicam)fail to grow or lose steam. Sure, anything is possible. This no doubt would make the idiots savant particularly gleeful but for what purpose I don't know. GUMM has never done anything to Wexler, Hank or anyone else. They certainly do nothing to unfairly manipulate the price of their stock. One of the biggest complaints from shareholders is the paucity of releases. Their releases are not only few and far between but also low key (with the possible exception of the USA Today article of AJIC publication which they had no editorial control over).

So what is the point of all this point counterpoint stuff? I wish I knew. I am damned tired of it.

Your comment of concern over stock price is an interesting one. Who doesn't concern oneself with the stock price of any company they own. Perhaps the stock could go lower in the short run. I expect very minor erosion likely from here. I still believe this stock is going much higher.