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McLeodUSA, Inc. (MCLD) Message Board

  • GREGM13 GREGM13 Jul 12, 2001 12:35 PM Flag

    I must be crazy

    I just bought another 950 shs. at $2.80...a F*cking steal if you ask me. God, I hope that I'm right..but I've done a ton of DD and poured over MCLD's financials... I think that we're fine...and that we'll prosper by the end of the year.

    I've been reading a lot about Warren Buffet, and the number one lesson that I've learned is that one should judge their investment on the company's value and opportunity for prosperity, not on the market's valuation of the stock.

    Just because MCLD is $2.80 a share doesn't mean the value of MCLD is precisely that....it could be 5 cents a share or $20 a share...depending on the fundamentals of the company.

    A lot of the value of a company is attributed to the management team....Clark McLeod and Stephen Gray (and the rest of the team) are just as important as the technical aspects for MCLD.

    It takes balls to hold and buy more when the stock of a company is beaten down....but then again, the greatest risks can be rewarded with the greatest returns.

    If you're a believer in MCLD, buy more at these levels and hold for a year or two. It's not often that you can buy a stock for $2.80 that has as much promise and/or potential as we're seeing here.

    IMHO

    Greg M. CPA

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If you have any money left to invest, check out ALGX (Allegiance Telecom) as a better alternative.

    • Listen to him folks!

      E&Y doesn't hire dumbasses (unless they're hot chicks, but they do recruiting). He's also divorced, which means he's probably more into #'s than he should be (as am I; into numbers, not divorced).

      I still like this stock to the $7-$10 range at least prior to issues of insolvency, etc. that may be raised in '03.

      P.S. - D&T hires only hot people, sometimed they try to get smart ones, too.

 

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