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To: Jonathan Bulkeley who wrote (6852)1/28/1998 7:36:00 AM
From: Jonathan Bulkeley  Respond to of 10368
 
And one more perspective

I lived through AOL (my employer) dropping from $71 in May 96 to $22 in Oct 96. It was tortuous and painful as most of my net worth was wiped clear off the screen. A year later AOL was $85 and climbing :)

Obviously, Bingo may not follow the same trend, but even management blunders can be recouped quickly if the business is healthy and moving in the right general direction. I truly do expect Bingo to present a 30% return on equity over the next few years. The fact that it hasn't performed that way over the last few weeks is hopefully just a minor detail.

Glad to see you back Valuespec :)

Jonathan