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


To: Paul Senior who wrote (23115)1/13/2006 9:34:24 PM
From: Broken_Clock  Respond to of 78744
 
Yes, IMO, today looked like a good day to ad. My other big core position, ICO, has weathered the mine disaster so far. Primetime did a special on it an included an interview with Wilbur Ross. They really tried to scapegoat him and bait him. Somehow they failed to mention he had only closed the purchase of the mine at the end of November! Prior to that it was in BK and running on a very limited budget. Hoe the heck is he supposed to fix a mine in 30 days?

I added at 9 and change so I'm feeling better. I'm also believing Ross will do what's necessary to improve some of the basket case mines he acquired. ICO donated $2,000,000 to a fund for the miners' families and the ABC interviewer called him cheap! I think what he did was exemplary. Usually the survivors have to sue to get anything. Very rare for a company to offer something like that immediately after a tragedy.