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First American Financial Corporation Message Board

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  • pmlljl pmlljl Dec 15, 2001 5:11 PM Flag

    Sell this Stock Now!

    nematode speculator: Either you are kidding or you have just written the STUPIDEST post on any board, anywhere at anytime! Like a person, no company can ever have too much cash, it just needs to figure out how invest it wisely. Did you ever have too much cash? I never did. As for Amazon.com, it never has made any money and it never will. In honest terms it is what is known as a scam! They do not intend to make money from their customers, they intend to get it from the idiots on Wall Street. Wall Street and the current investment market seems to have forgotten is that the hard part of business is to make your customer happy and make a profit at the same time. Companies that don't make profits end up like Enron and someday Amazon will join Enron in Chapter 11 bankruptcy court where they belong!

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    • Thanks for the thoughtful response, pmlljl. And I certainly think that its refreshing that you state with candor that you are short of cash and could, indeed, use more at this point. So often here on the internet one is more often likely to see ridiculous boasts of unheard of wealth.

      If I may infer that your recent investments have led to your present condition of penury, I can only imagine that your misplaced belief in "cash" being somehow conected to shareprice has directly caused your predicament. The plain facts of the FAF situation certainly contradict your "theory." FAF has doubled its cash position since the first of the year, while at the same time the share price has plunged a depressing 40+%. Accordingly, I am in total sympathy with you lashing out against me, the messenger, calling me the "stupidest," etc. You also mention Enron, so I can only assume that you have also lost good money in that calamity as well. My prayers are with you and your family in this holiday season and only hope that you may disabuse yourself of the errors of your investment misconceptions, before its too late.

      • 1 Reply to nematode_speculator
      • Iam not poor. In fact, I am having a very good year. You jump to unwarranted conclusions! No matter how much cash I have I can always use more and I expect everyone and every company could, as well. I have never owned Enron. I only buy stocks with real businesses that do their accounting right and have honest management. That leaves Enron out on all three counts. Of course cash is only on factor determining share price. Investors may be more concerned with earnings and interest rates. Do you believe that Enron went bankrupt because it had too much cash or could it have used a little more? I won't call you any more names if you wise up a little bit.

 
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