To: Kenneth E. De Paul who wrote (194 ) 2/18/1999 9:19:00 PM From: Mark Glembocki Read Replies (3) | Respond to of 411
Hello all,,,, Just wanted to throw my 2 cents in if I may,,, First of all I have played the value game in this market for at least the last 8 years. Although I have made some money, I "literally" could have been a millionaire a few time over if I would have just stayed with my convictions. I have many, many sad stories but I will just share one. I owned Ascend Communications for about a year,,,bought at 40 about 2 years ago and averaged all the way down to 24 (had 5K shares)...then I decided to really study the company,,everything I read was basically anti-Ascend. All of the analyst's trashed the co., they said they had no chance, Cisco, and 3Com were eating their lunch,,,they said the stock was going into the teens...well I sold and forgot about them. Guess what I own them again ....but only because Lucent bought the company (about 80 bucks a share).. (well I work for LU). The bottom line,,, every stock I ever bought for valuation reasons and then sold early,,, went on to double or triple or..... Onto Border's ..... I am 36 years old and have grown to love Border's the store over the last 5 years or so. I wanted the stock for over 2 years but couldn't get in because of valuation. Well now I am in and accumulating big time. I love the store but to be honest I purchased 3 books online so far as well through the Border's website. I purchased the books cheaper then AMZN was selling them for and I received them in 3 days or so. My point being, there will always be store shoppers and there will be an increasing number of online buyers,,, many will find their way to the Border's website and BGP will be back in the 40's someday. The question we have to ask ourselves is,,,Will we have the patience to be in the stock when it gets there. Mark