To: Ralph Bergmann who wrote (334 ) 4/12/1998 10:42:00 AM From: Bob Davis Respond to of 601
Guys, I've been away from this forum for a little while and there are a bunch of posts to which I'd like to respond. Rather than load up the forum with a bunch of posts, I'm just going to do one big post: Re #328 - Tom; Thanks for the vote of confidence. I'm enjoying what I am doing right now, and I'm working on ways to make it bigger and better. Re #330 - Ralph will have a bit of a problem using the #800 numbers since I don't think that they work from Austria. Re #331 - L.B.; Actually, it is hart to tell what impact I had on ACTCs price since the company itself confirmed my warnings a day or two later by registering a large chunk of stock that had been restricted previously. Since a key point in my "case" was that the company was effectively underreporting shares outstanding, this highlighted the issue in a very dramatic way. It is my contention that the subsequent selling has forced the price down - it is not due to the fact that I "bad-mouthed" the company. Re #331 - some of the "economics of merging" TASA, MLP and BETA can be found in cost-reduction, but I feel that revenue-generation will produce the largest financial impact over time. Re #334 - Ralph; I agree with your concept in general, although I definitely do not want it to degenerate into the kind of "idolatry" and/or acrimony that seems to prevail on other such forums. I do not want to put such a forum on SI because of its limited access - many TNL readers are not SI members, and I understand that new members are required to pay a fairly large fee. Frankly, I am very interested in adding to TNL's capabilities and I am working on ways to do this, while still keeping it available to anyone who is interested. One of the things in which I am interested is the capability to develop "forums". However, it should be obvious to anyone who has "surfed" the investment internet sites that there is an "oversupply" of forums, most of which are under-used, and many of which are under-marketed. In fact, earlier this year, I was offered one for sale; however, I was out of action with the flu at the time, and their price was a bit high.... Well, anyway, stay tuned. I'm working on this. Re #342 - I'm very distrustful of Book Value as a measure of value of a stock, because it is subject to a whole variety of problems. I agree with Post #345, in that the most effective measure of the value of an asset base lies in the profits that it produces, or in the cashflow that it generates. Sorry for the length of this.... Bob Davis The Napeague Letternapeague.com