Most of the mutual funds I own went up 5-11%
today. Stk was flat. Two other stocks I own went up 2 &
3%. Now, I realize this could change tomorrow. Stk's
beta is much greater than 1. No one really knows. My
opinion is that Stk has been labelled (for a long time
now) as a "show me" stock. Fund managers may buy once
Stk proves that it is growing revenues and profits
for 2-3 quarters in a row.
It could languish here
for some time until we have an earnings announcement
As for Pat Martin, I do remember
that he wanted to be a CEO and that Stk was willing to
take a chance on him, If I remember correctly, he is
about 59 years old. At that age, I would imagime he has
a strong incentive to do well at his one chance of
a lifetime to be a CEO or resign as a failure
(which is not the end of life). The big question is
this: "Does he have the guts to make the hard decisions
in his 'one" chance. He doesn't have time to make a
big mistake. He better be right the first time or
else this stock will end up in the dumpster.
obvious this next quarter is a "must have" quarter,
especially since I anticipate the market to rise due to the
settlement of the election, the Fed lowering interest rates,
and hopefully earnings meeting reduced earnings
expectations. What are the chances that STK will meet earnings
expectations in a pretty good market environment? If they do,
I think the longs will be rewarded. If they don't,
watch out for the Titanic. I don't know what I will do.
I should have sold this year when the price went up
to $16, but that's hindsight.
One question to
Dr. Licht. Have you shorted STK this year? Since you
are so sure (and have been right in 2000) of STK's
downfall, have you profited as a result of your wisdom this
I hope you have!
STOR did have a nice run up on some positive
press. I read somewhere this morning that they were
being downgraded by one or two brokerage houses. Guess
that goes to prove that timing is everything. Oh well,
back to the grind.
Take Care !
We can and do maintain a civil atmosphere, and
actually agree on at least one point.
regret I have now is not buying just a little STOR when
it was trading at $20 a week or so ago, and selling
into yesterday's rally.
Have a good
SEPARATE WISHFUL THINKING FROM REALITY
do not know how long you have been a stockholder of
STK and how long you have been reading this BB.
I previously have heard the rumors that SUN, EMC,
HAT ETC were all interested in a take over of STK I
also know that STK engaged Goldmen Sach as an
investment banker to seek out a potential buyer. None of
these efforts or rumers turned out to be
The rumors are appear to be starting up again.
The stock took a big jump Friday at the close and
then the rumors start flying. This has happened
several times before and each time in several day, less
than a week the stock was lower than it was before the
I do not claime to be an insider, but i am an
engineer and a strong believer in Newton's First Law of
Motion. I also believe that for every effect there is a
cause. In regard to STK's price increase to the best of
my knowledge there is no cause that would explaine a
big jump in stock price. It is also clear to me that
the street is not very impressed with our new CEO
Trainee particularly with his recent public statement
that there will be no significant or radical change in
the operation of STK. Hence it is my prediction that
the stock will drop back to below $9.00 in a few
days. A name for the unexplained price rise in STK
stock is "PUMP AND SELL"
Lastly i know of no
large company showing any interest in taking over STK.
Remember i am not an insider and not one of managements
favorite sons or a member of the "GOOD OLD BOYS CLUB".
Ceemore, can you tell me of the companys that
might be considering buying out STK and what their
plans are with the company. I've heard that there have
been a few large companies looking pretty heavely at
their financials. Are you at liberity to comment on
thanks for the response, your investment strategy
is interesting, will have to keep another eye open
regarding your question
about cumulative voting, I have to admit you got me.
Had never heard of it and what I know is from your
"discussions" with DanandDan. Another post asked where to get
more information on the subject, I'd also be curious
to read more on it. On the surface it sounds like a
good scenario for small holders such as myself.
One last thought/question from your last post,
danandan actually touched on it. You bought bonds in STK
so that means you spent something to get your
shares. when you say your cost is zero, I assume you mean
a strict interpetation, I didn't buy stock ( got it
from bond conversion ), so what ever my stock is worth
I got for nothing or you paid
a very miniscule
amount for the bonds to begin with and other than your
time, the money invested is practically zero.
off topic, you have a lot of interesting insight and
some ideas for positive reform. try not to see every
post as a glass half empty. people voting against a
good idea because of their interaction with you makes
your effort a waste of time. mgmt loves delay of
change, don't make it easier for them