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

To: cfimx who wrote (5301)	11/20/1998 11:55:00 AM
From: Brendan W	Read Replies (3) \| Respond to of 78576

twister, different point of view ... I think the public overpaid and overreacted to the bad news. From a long-term perspective, it's impossible to know if this is a blip in Landry's history or not. I don't think management should be blamed for issuing stock at inflated levels (cheap equity) or for encountering some business turbulence. Those buyers are just a portion of the overall ownership which management owes fidelity to and the issue is unresolved as to whether they are making the right business decisions.