Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Harshu Vyas who wrote (74930)	1/25/2024 6:18:32 PM
From: Elroy	Read Replies (2) \| Respond to of 79100

As for me in 2024, I'm betting on a successful Cutera turnaround. Me too. I bought as small amout of Cutera, it went down a lot, so I doubled down. I'll sit on it for a few years and see what happens.

To: Harshu Vyas who wrote (74930)	1/25/2024 9:15:42 PM
From: Paul Senior	Read Replies (1) \| Respond to of 79100

Quality of management is important. I disagree that it's possible for an outsider to evaluate the top guy, let alone his staff. The head honchos of many businesses come up through sales. They can tell their story and their company's story very well. We see some successful fund managers who don't visit with companies because they believe they will be too positively influenced by management and management presentations. Very dangerous imo listening to presentations and coming away believing from that that the spokesperson is trustful and competent. Using that belief for a criterion to pick stocks can bite. And the reverse too: person seems to flounder or is inarticulate during a quarterly conference, and so we just dismiss his competence or leadership ability.

To: Harshu Vyas who wrote (74930)	1/26/2024 9:38:32 AM
From: Paul Senior	Read Replies (1) \| Respond to of 79100

As for me in 2024, I'm betting on a successful Cutera turnaround. Your bet is based on your assessment of management. There's been no developed discussion here of the company's products and sales and the possibilities going forward. It's been about finance/accounting, it seems (?) I can see in a turnaround you'd want to consider the capability of the top guy, especially if you could evaluate that capability based on his history, especially if he's been successful in other turnarounds. If we're talking about looking at a business that's not a turnaround story, then my opinion is the results of management are shown in increasing book value, increasing sales, other metrics, and all these things that you are doing to research management are unnecessary. In any case It comes down to, for me, this is a turnaround story, and I can't see it as enthusiastically as you do, so I pass.