If you are long, and especially if you're short, you owe it to yourself to read Third Avenue's Michael Winer write up on JOE in the current letter to shareholders.
....and still losing money for their clients. This dog is about to head into the upper 30's over the next month. It's fine for 3rd avenue to believe in the stock long term but why buy here?
dude, u r such a putz...3rd ave fund is an ASSET GATHERING machine....i go back to when i started independently managing my own money and i have beaten 3rd ave fund.
i told u guys this awhile back that if u take the co's best Q (turns out to be the most speculative Q)...u need to have 88+ Qs of their best Q ..... another words, over 22 yrs of the best annualized years to come up with a price of low 50s...this is without discounting the years.
u think the sr analysts and PM of the fund who prob gets paid alot can figure this out.
how much more do i need to break this down for the stooooooopid white trash?
>>3rd ave fund is an ASSET GATHERING machine<<
Yea, so am I.
Your point being owning assets is a bad thing?
your brilliant investment strategy is being wasted. why not start your own fund? share the wealth and superior knowledge you have with the great un washed. it could be your way of giving back to the community. maybe call it the 'aston martin fund','98 fund', '30a fund' 'poop fund'.....oops, sorry. that slipped, big splash too!
sounds like they are trying to justify their long-term investment in joe..however, they have not convinced me that their crystal ball is working...@ $20/sh joe may be a good investment..short-term, 3rd ave leaves me with the sense that there will be some pain...after 1/07 i don't really give a rat's arse what happens to joe..they are also off base on some of their other ivestments..scary...would not want to be an investor in 3rd ave..
>>sounds like they are trying to justify their long-term investment in joe<<
You don't "jusify" your position in a stock by adding 400,000 shares, do you?
>>$20/sh joe may be a good investment<<
I agree. If you go back on this board to when the stock was in the $20's you will see that is when I got in. You will also find the message where I took 50% of my shares off the table when I had a double. Shares I still own cost me less than JOE paid for an acre of land.
>>they are also off base on some of their other ivestments..scary...would not want to be an investor in 3rd ave.. <<
Yea, about as scary as my Dodge and Cox funds.
>>i don't really give a rat's arse what happens to joe<<<
And you are here....why?