That is a completely idiotic quote. What about Netflix at $60 recently? What about Apple Computer when the shares were completely crushed a decade ago? Anyone could go on and on with example after example. What about Hewlett Packard at $11 recently, now $22. With you logic no one would ever buy a stock that was down for the simple reason that it was down. If no one would buy a stock that was down, then no shares would ever go up in value.
Here's another point to consider. We are in a bull market that is in need of a serious correction if it is going to continue. Do you really think ESI can escape a lowering tide? What if the bull market is actually over and we get a two year market downturn?