Wednesday CRUS hit a long-envisioned milestone of $40/share. Who envisioned this price? Alfred Teo back in early 1998 in the midst of his $100+ million investment over the space of a year and a half. Also, Arnold Arslan, aka Arslanboy. Teo was frequently reviled as CRUS slipped below $10, then below $6, and watched his investment cut by more than 50%. Arslanboy was also ridiculed because he never lost faith in Mr. Teo. He also believed strongly in his analysis. I was one of the (probably) few who bothered to download and read Arslanboy's 40+ page analysis of CRUS, which he posted on his fledgling website in early 1998. I'm not a technical guy, just a small-time stock trader, and at least half of what I read was way over my head. But one thing stood out- CRUS was a sound company with good products in a good investment area- high tech. In hindsight, the management was the reason the price didn't stay above $40 when it had touched $60 during its huge run up in 1995.
I stopped counting the number of times I saw Mike Hackworth referred to as Hacksh*t or Hackworthless. Also stopped counting the number of times Mr. Teo was hung in effigy or laughed at mercilessly by disgruntled shareholders and short hypers. But I was so impressed with Arslanboy's convictions about CRUS and Mr. Teo's putting his and HIS CHILDREN'S money where his mouth was (I can't emphasize that fact enough) that I too became a believer in CRUS. I'm an extremely rare poster (having very little of intelligence to add to the conversation) but have been lurking here since near the beginning of this board. I remember reading Arslanboy's first post (# 405 on 2/23/98) and first posted myself #1042 on 4/16/98. So I am one of the true LSL's here.
I'd just like to thank Arnold for his incredibly thorough analysis (even Mr. Teo was extremely impressed with it and told him as much) which, along with my own DD about CRUS caused me to hang in there during the darkest times when CRUS struggled to stay above $5. I did some short term option trading that caused me to lose a few dollars, but I'm in at around $15 and according to my TA see no reason why CRUS can't make all time highs in the next year or so. But it will not be a smooth ride. CRUS has proven that time after time. It may drop well below $30 before we see $40 again for all I know.
The difference IMHO has been Alfred Teo. Arslanboy saw that too and was pounding the table about him from day 1. My gut tells me Teo was instrumental in getting David French in to run the company and pushing Hackworth to the side. Mr. French has shown that he knows how to run a company and will lead CRUS to great things in the future. Lesson learned here: MANAGEMENT CAN MAKE ALL THE DIFFERENCE BETWEEN TOTAL SUCCESS AND UTTER FAILURE. As long as French is running the show, I will be a CRUS shareholder.
Another lesson we can learn is that if everyone held their tongue until they really had SOMETHING OF VALUE to post on this board, we would only be on message number fifteen HUNDRED rather than fifteen THOUSAND! And this board would be by far the best yahoo! board of all. One can only hope. I got so tired of wading through the garbage that I only check this board about once a week and read one batch of 40 posts. But at the very least, it is much improved over the dog days when spammers, short hypers and whiners ruled the roost.
So on this rather auspicious occasion of CRUS reaching a publicly stated milestone by its largest shareholder (albeit about 2 years too late for most investors), thanks again, Arnold, for having the courage of your convictions and convincing me that CRUS was a serious investment worth considering for the long haul.
Good luck trading, and don't let the short term noise block your view of the long term picture. CRUS is definitely a rising star.
Thanks for your kind words. If my stock picking skills were on a par with my ability to craft a good paragraph, I'd probably be retired by now. lol (but I'm getting better!) Rest assured that I won't burden this board with my verbiage just to see it in print. I'd much rather see all you "experts" debate the pros and cons of CRUS long-term prospects so we can all make well-informed investment decisions.