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To: Michael G. Potter who wrote (8472)10/19/1998 7:11:00 PM
From: Sun Tzu  Read Replies (1) | Respond to of 16960
 
I don't know much about CL's management - anything in particular you do not like.

Its board members and executives have a history of fierce in-fighting and even suing each other. I always get the impression from CL that internally politics outweights anything else and externally they are out to milk the investors.

As for the $40 - $50 price range, that was my expectation for 1 - 2 years from now, but I'll take a big jump in a short time for a sure thing. I just bought some more shares at $10.5, so even $14 would be a good gain.

I can certainly sympathize with this. They choice you are making as an investor will be a $5 gain now or a (your confidence measure) chance of $40 gain in 2~3 years. I for one go for the later because I have great confidence in its chances and I can make my $5 by trading or selling covered calls.

Sun Tzu