An Investing Lesson Learned????
I have been accused and chastised on a number of issues this weekend. Take the following quotes from Bellard and use then as a learning lesson.
"Dude;You are clueless. SPF the company sucks! Most know this - It is the stock that may be good! You do not know the difference between the company and the stock - investor rookie 101."
"Nice reversal on huge volume(last 3 days). If SPF can show solid(200M+) cash flow from op's we are headed for 10 a share."
"Dude you need a life."
"I have been posting on yahoo finance for 10 years, and by far you are the most pathetic individual poster I have come across. You sound very desperate with this small uptick in SPF stock - you start lying about SPF being cash flow negative - when I point out SPF has been cash flow positive for 3 strait q's...You really need another hobby - maybe ask mommy for some toys..."
"You are another clueless investor. GGL is a housing related(due some research) stock with huge debt an terrible balance sheet. And yet some paid over a billion in cash for this..Just shows that capital is available for distressed housing stocks - just a bit more positive info for SPF stock going higher - what don't you get?"
So HVAC is not housing related? you are dumber than I thought... "
"Sorry - didnt mean to offend.... "
"In general I don't like looking at book value as an investment metric..Foe HB's it is aproppriate measure over time..I mainly use cash flow, the CAPM for valuation. I think SPF is worth about 8-10 given current info... "
"I manage my own hedge fund, so I am using SPF as a positive hedge against my put potions in most of the other major HB's .I think SPF stock is undervalued below 8-9 a share..So my valuation for SPF is about 50% of its tangible assets"
"You are still having problems with the difference between the stock and the company...rookie!"
"I also like making money on chumps like you - thanks for the $9200 and counting - chumpboy... "
"You do not seem to understand investing or financial markets..."
"As an economist, I understand these market better imho...You guys can't see the forest for the trees..."
"I do not know the personal wealth of these insiders, but I am wealthy..."
Keep talking chump....I just keep making money...Thanks for the profits!"
"PAA - Posters Anonymous Association....the 12 step recovery program is needed for alshorty"
"where else do you post? Do you follow just one company? respond, or be a wimp and still "clueless investor"..
"You sound upset..I am sorry...better luck on your next loser..."
"Yo Clueless;I am heading out to do a little rock climbing..."
"If you do not post on any other equities as alstry, then you have ZERO credibility and deserve no respect!...WIMP!"
"It should now be obvious to the longs, and shorts on the board that Alstry should get no respect"
"You have been exposed as a loser" "What a loser!" "Pathetic." "You don't know Jack." "You need help Al." "clueless(alstry)"
"More intelligent post from Alsht.... You can come out of the closet...."
The title that defines Al@#$% - lonely victim
"good bye loser!"
"In SPF case, trading below 20% of net tangible asset value, there is a good chance that if SPF goes chap 11, the stock price will actually rise. BK is a process, not just an event..The Debt holders will get less than 100% of there money, if any value left over your SPF shares may have value... "
Bellard is may be right about his perspect about me. Maybe I am a pathetic loser. The following Johnny Cash song pretty much sums up my feelings at the end of this weekend....especially after TMF Deej chimed in with his profound input and wisdom.
Using the above, very important investment lessons can be learned from this.
When one goes to law school, you are taught to always look and ALL the facts AND understand BOTH sides before crafting your argument or drawing conclusions. This is a very good approach for investing as well.
The above presenation is one sided....it is my presentation....and intended to draw the reader to a certain conclusion. It may or may not be a fair representation....simply a statement of facts that I have chosen to provide.
This is what corporations and analysts do all the time. So do members of CAPs when trying to make their points one way or the other. It is important you are aware of this logic because words or actions, not taken in context or actually deceptive, can lead one down the wrong path when making an investment decision.
Providing a full and fair perspective is the legal obligation of a corporations officers and directors to their shareholders. It is the one thing all investors should not compromise. Without fair and accurate data to make our decisions, their can be no reasoned analysis. Garbage in...Garbage out.
CAPs is all about seperating the noise from the substance. By CIVIL socratic discourse, it will further that cause. It is what seperates CAPs from all other boards on investing....IMHO....CAPs is in a class by itself.
Yes, SPF is my whipping boy on this issue. Investors have lost over a Billion dollars of weatlh while its officers and directors have laughed their way to the bank. Since I started posting, its CEO and CFO have become defandants in a class action suit alleging providing misleading guidance to shareholders. Initially, that lawsuit was never disclosed to shareholders......Then abruptly the CEO resigns and takes a BIG severence???
I may be right or may be wrong.....that is only part of the equation. Using CAPs as a forum where investors can help each other is really the key.
Some of us have a thicker skin than others.....we must be sensitive to that issue going forward. But it should no squelch free speech or fun competitive spirit. The success of our nation was built on competitive spirit. Some say that is being eroded lately. That is anther topic.
CAPs is about investors helping investors. We should promote that cause as we all benefit.
Just think, 7500 more points and I am beating SpecBear.
Hope we all learned lessons from this one.....especially those that can help make us better investors.