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Isramco Inc. Message Board

  • draqu2000 draqu2000 Nov 28, 2003 10:47 AM Flag

    A similar negative company

    MXBIF, another very negative company similar to ISRL, very Illiquid,no PR from the company, management absent, over-paid and sold most of their own stocks. Affected by its board message, I sold its share at $15.39 a few weeks ago (I bought them at about $8.5 per share a few months ago). Afterwards, I also spoke out these negatives on its board. But after a period of stagerring, it continues to rise.

    In summary, fundamentals matter in the end, regardless negative messages.

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    • I mean that ISRL share price will rise sooner or later due to its fundamentals, regardless how negative people write on this message board. In this aspect, ISRL is similar to MXBIF.

      Remember that oil price unlikely drop much just as commodity price unlikely drop much in the forseeable future (ISRL on oil, MXBIF on commodity). ISRL's p/e and p/book value is much lower than MXBIF's.

      I do not want to make a similar mistake as I sell MXBIF too early due to the negative opinion on its board.

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