I wasn't duped. It was a good company at $115. Other companies within the sector corrected causing SFE to fall also. It was still very conservatively priced even as a S&P 500 company. Sales of 2.1 billion and with a market cap of about 2-3 billion. It is not fun to look up to see your purchase price but so what. If this is the first time you saw a purchase you made based on sound fundamentals lose value then you are in for many more disappointments. Must have never invested at O??e Discount. If the stock splits I will be happy since it will recover. If the price bothers you do something else. Watch the oil & oil service stocks they make me feel much better. I am now just staying even. Hope you were not a under 30 type with all their money in Internet stocks. Reminds me of Biotechs but not yet. SFE will recover since it has sound mgt and a diversity of holdings. Sort of like a High Tech TMO but with a better stock price. Don't enlarge your liver to much Lactulose does not smell very good so you might learn the taste. Besides I don't think the ammonia will change your perceptions any. Steve
sjr616 says, "Other companies within the sector corrected causing SFE to fall also."
Well, that's the point. Ever hear of diversification? SFE was pretty much an Information Technology focused "mutual fund" of public and private companies before announcing their adventure into the internets. What you have is a sector fund, and when all the dominoes start to fall as that sector moves out of favor, what do you think happens to your investment? "Diversity of holdings"? Well, now your "mutual fund" will be focused on two sectors. That's diversity, all right.
When do stock splits positively signify recovery? I've owned several good stocks that split and they ended up underperforming the overall market for years. It just ain't a sure thing.
And then there's your, "Sales of 2.1 billion and with a market cap of about 2-3 billion." Well, what sales have they got? I already posted that their earnings are primarily derived from CGs from selling off their investments in their partnership companies. It's right there in their report. You still don't believe it? Hell, the poster cashflowz even said that in post 704 way back when.
"conservatively priced.... Market cap of 2-3 billion." The market cap darn near hit 4 bil only a week ago, and it wasn't even a single billion at the beginning of the year. That's conservatively priced? That just makes me wonder when it isn't conservatively priced, at 6 bil, or better yet 10 bil? Better blow the dust off the old abacus and calculate that again.
Come on people get with your DD. SFE was, is, and still will be a fine company, but please watch what you believe. formerCMGIman is taking all the lumps as a short and a maniac, but in reality, he's just laughing at all the somewhat informed opinions hyping this stock and all the uninformed ones buying it.
Concerning question about page 33 of 1999 Annual Report: if SafeGuard owns over 50% of a partnership company wouldn't some Percent of that companies Net Sales become part of SafeGuard's Consolidated Statement of Operations (pg 41)? If SafeGuard owns 55% of CompuCom Systems and 57% Tangram Enterprise Solutions What portion of their Net Sales become part of SafeGuards Net Sales??
I was instructed that earnings are primarily derived from selling off investments (which appears as such) but Net Sales come from many sources. I have looked at previous posts from early March and they are very insightful and hence useful. It seems in the last month more three times as many posts were made vs the previous fifteen months. Also noted that about ten to fifteen plus persons have contributed quite a bit of valuable knowdege here. Thanks for the info. Have a nice day folks, Steve : )