Per the website:
As the nation's largest public pension fund with assets totaling $213.5 billion as of September 30, 2008, CalPERS investments span domestic and international markets.
The CalPERS Board of Administration has investment authority and sole fiduciary responsibility for the management of the System's assets. The Board is guided by the CalPERS Investment Committee, management, and more than 240 staff in our Investment Office who carry out the daily activities of the investment program.
Our goal is to efficiently and effectively manage investments to achieve the highest possible return at an acceptable level of risk. In doing so, CalPERS has generated strong long-term returns.
Manage investments to achieve the highest possible return at an acceptable level of risk. Like I said before, buying at .20 has an extremely limited risk, and an exceptional and likely reward.
If we were at $1.00 and everthing was the same, then talk to me. Otherwise...get real....MDI is a no-brainer at this price and risk/reward ratio.
This is for all the posters who incorrectly stated that CalPers does not buy "penny stocks".
In fact, it looks like CalPers has ALREADY made some money on JSDA, which at the report date of December 5, 2008, when they ADDED more shares to add to their existing holdings, was trading at a lowly and beaten down price of .37....
You mention him every time you post. You hatred for one man has consumed you. It's obvious to everyone that bothers to read your posts. The only reason I do is the entertainment factor.
Now if you don't like Burger King or the employees there, that is another issue all together. Next time don't ask for the "special sauce".
Burger King is an acquired taste, but I go from time to time. Not often though. You don't? Interesting that you got off the subject to discuss your dislike for a fast food chain.
The truth is, you despise the fact that MDI may be making progress, and that others see it. That's too bad. If you were really smart, you would ride it up on the next big move, and then try and short it down again like a yo-yo.
No, you would rather moan and groan about your BF Garcia. Too bad. Looks like he has you by the hook there bubba.
Hey what's your malfunction anyway?
You hate MDI that bad that you have to hurl insults at anyone who sees potential here. What, they have to fire Garcia and hire you? Is that it? Throwing F bombs at me like I am the enemy. The enemy is the bitterness that has consumed you, and no one can change it except the dude or chick staring back at you in the mirror.
And what, not a single question answered. And what do you have against burger king? Don't they broil over there?
I don't think CALPERS can buy .20 stocks. Their investment doctrine provides only for stock over $5.00, I believe. Can anyone show a link that says otherwise? Because its immoral to gamble public pension fund money on penny stocks imo.
Read about them yourself:
Then check out the holdings:
Thanks missin for putting it out there and letting people know the truth...