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

To: Paul Senior who wrote (26154)	2/26/2007 9:00:10 AM
From: Madharry	Respond to of 78763

Years ago when they ipoed a subsidiary in the optical area , I researched this company and its seemed terrific but when i found out it was a private company there wasnt much point. Aruze has been dropping like a rock in tokyo. its still worth less than its interest in WYNN but management has some real credibility issues. They recently released a revised forecast for the 3/31/07 fiscal year and they are now estimating revenues almost 50% less than what they forecast in 11/07 about 8 months into the fiscal year. I just found that incredible and sent them an email, perhaps harsh by japanese standards, but I found it difficult to contain my disgust. I am amazed that they can run a business that way, and perhaps the reason the market attributes no value to their main business.