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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: jimmy who wrote (7453)	2/18/1998 1:22:00 PM
From: SE	Read Replies (1) \| Respond to of 10368

I thought this was a good post on the Yahoo board...yes one of very very few... :) -Scott ---------------- Subj: Are you really an investor? By: justforloot Date: Feb 18 1998 10:13 A.M PST Reply To: Msg. 647 by SavGa4 The challenge of successful investing is really pretty simple: Identify stocks to buy low with the prospect of selling high in the future. Hold on to them into the future. Remember Citicorp at $10/sh and Dell at $8/sh? If you don't, I do and I bought them. When you buy something at a low price, you must take a risk, risk, risk, risk. How do you identify risk? Something is not exactly perfect within the company and it is the reason that risk has crept into the equation. Is everything perfect with BNGO? No. Is it trading at a relatively low price? Yes. Have they conquered some problems? IMHO yes. Can they conquer the rest? Yes. Corky Logue was not a good addition to this company. I know him and his record at EZ Pawn was not good. He was sued by the company and has just settled the lawsuit. He's bad news. The stock was not a good investment. My hat is off to Greg Wilson for identifying this problem and dealing with it. The company has a sound balance sheet, has weathered some adversity [if it doesn't kill you it makes you stronger], is in a niche business with virtually no competition and acknowledges its necessity of deepening management. The PE relative to the market is a steal. There is a short term bump available when NASDAQ NMS listing is attained. There is enough risk in this situation that the reward will be significant. One quarter or one year will not reap the benefit from this investment. Remember Citicorp and Dell? They didn't make anyone money in 90 days. "If you can keep your head when all about you are losing theirs and blaming it on you..." [Rudyard Kipling] The courage which an investor brings to the discrete decision to buy a particular is what earns the reward. Embrace the risk and reap the reward. Admonition: This board is juvenile and adolescent with its profanity and boorish postings. Would any serious investor who could benefit the BNGO stockholders really want to post here?