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Gold/Mining/Energy : Casavant Mining Kimberlite International (CMKM) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (2214)	6/20/2006 7:39:39 PM
From: StockDung	Read Replies (1) \| Respond to of 2595

Landing the perfect goodbye kiss Overstock.com was another company that wore out its welcome. David Gardner was one of the earliest fans of this company. Last year, we even met with CEO Patrick Byrne, who is one of the more colorful and charismatic corporate chieftains that you will ever come across. He's a passionate leader, and he has steered his e-tail venture to its top line incredibly well. Our faith was rattled for other reasons. The company's lack of profitability was a logical concern, even though we can forgive that if a company is forsaking near-term income in the pursuit of rationally aggressive growth. That kind of approach paid off well when David bought in to Amazon.com (Nasdaq: AMZN) under those same assumptions in the original Rule Breakers portfolio in the 1990s. It wasn't the same this time, though. Byrne seemed a bit too distracted in his vendetta against naked shorts and not focused on running his own company. "I was actually planning on leaving this January for a much more interesting job," Byrne was quoted in a Reuters article earlier this year. "But now it looks like we are stuck with each other." It may seem subtle, but the comment was a disservice to shareholders. Byrne's conspiracy theories may very well be spot-on, but as long as the income statements are sending mixed messages, it's better to concentrate on the job at hand. fool.com