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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Carl Worth who wrote (22927)1/1/2006 10:20:56 AM
From: MCsweet  Read Replies (3) | Respond to of 78747
 
WNMLA,

well they obviously have done well for their shareholders who have kept their stock recently, given the current stock price. however, look at the long-term stock chart. if you had languished with this stock since the 1980's you wouldn't be so happy. and i still think it is the responsibility of management to actually care about their shareholders and not let a stock price languish so long

also, they haven't done well for the shareholders in a couple of their funds --- tux and gif. Their Midas gold fund has done great, but gold has been way up (no brainer) and do you think that fund is worth a 2.39% expense ratio??? I'm sure you could find a better gold fund much cheaper.

however, i suppose if you have your interest aligned with management, the quality of their character doesn't matter as much. this stock does have its attractive points --- i just don't see why you view the owners so positively

MC