stock i am beginning to wonder if this guy is losing it; he has lost well into the7 figures but just keeps on buying; like a loser at the blackjack table he just keeps increasing his bets; anyone have any dope on this guy??? is he really a flake, nuts, a genius, or what the hell
I speculate Andy really beleives in this company. What he can't control is the credit crunch happening right now. Just look at the banking problems in Japan and beginning in other asian nations. I beleive the Bank of Tokyo has so many non-performing loans, they need to be very strick esp. with "foreign" stocks. They are tightening up at home causing major bankruptcies in Japan. How could they be lenient with NHI? Why can't NHI go to another bank? My question is why is management always appearing to "cover up" and confuse the shareholders? What else are they hiding? Why were their "estimates" about the dividend prospects so far off? How long should we give them the benefit of the doubt before we stop beleiving what they say? Why aren't other executives seeing this stock as a "bargain". I beleive Andy is throwing everything he has into this stock to try and save a sinking ship. If the stock drops below 5 it is no longer marginable. I wonder how much he bought on margin? Lack of accurate information forthcoming from management caused me to dump my shares for a tax loss in October. I'm beginning to think maybe I won't jump back in.
The uncertainty caused by managements not "coming clean" about all the problems plus tax loss selling should keep this stock down for the balance of this year.
These are just my rambling speculative thoughts but I hope they bring up some issues the rest of you are wondering about also.
Why, actually, did Bank of Tokyo suddently vanish and Dresdener Bank appear, for the Credit Facility? I suspect they tried playing "hard" and B.O.T. just walked ... causing them to go elsewhere ... at worse terms.