I think that large-scale terrorist attacks may not be more likely, however our preparedness and ability to prevent them (you can't prevent a natural disaster) needed beefing up... our natural disaster preparedness is and has been adequate.
So long as people follow the plan. Why they didn't bus people out of the city prior to the hurricane hitting is unknown to me... but I do know that there was an official policy communicated to the people from the state & local democratic government that if a disaster struck, the citizens are on their own. This was their disaster preparedness plan?
For me the question isn't should New Orleans be rebuilt, but should taxpayers pay for the rebuilding?
Did taxpayers pay 40 billion dollars to build Phoenix AZ, or any city for that matter? These cities rise up from their own economies. Let's not further drain our federal coffers! Clean up sure, help our citizens, but not rebuild.
And what is with the 2K cash cards they're giving out to people? My God people in this country are so dependent on the government it's sad.
Oh and by the way, I have this opinion because I hate black people, isn't that right Kanye?
Hey I got on that marketocracy thing, sounds like fun. I have a value fund I started, BLTIE is on it :). 5.29 avg cost. Been doing it a week or two now and am up almost 2 percent already on that fund, and I'm only 55% invested. Gotta go find some more values :).
I think I'd slaughter everyone if I did a short portfolio on IBD 100 stocks, but I don't want to subscribe to IBD just to do that :).
Oh yeah I did take that website down, I was too busy to keep up with it and I was only doing it to build a track record... did very well short but definitely less than stellar long, a couple BIG losers (Biolase being one of them). Just so happens I got started trying to do this when the market took a turn for the worse.
Hey pkewl, thought you were gone for good :).
Well, given that I know nothing about their recent sales performance or cost of business, it makes it hard to know if now would have been the time to say "get out." However, I've seen good products disappear from the face of the planet due to major management blunders... I've been right up close to that in the past.
So the minimum PPS for this company? That's easy.
If you really want to piss him off, why not release his identity?
Oh yeah, you can't do that because YOU'RE FULL OF
Nobody knows the inherent value of this company, for two reasons: 1) They won't tell us their financials and 2) Management seems so blunderous and stupid at this point that they could very well turn this potential success story into a major tragedy.
Asking this question repeatedly is nonsense... you don't have enough information to make even an educated guess at this point.
I was against the dividend from the beginning, as well as any share buybacks, since I believed this was a company that needed to use the cash it raised from the secondary to attack the market and expand their penetration. I always believed that what this company needed most was to get more dentists to believe that not only was the company stable and strong, but that the tools they provide should be in most any high quality office. To take the market penetration to the next level would require cash, not only in marketing expense but expansion.
I saw the marketing expense grow as well as the expansion of facilities. This all made sense to me at the time from a business perspective. I saw a lot of people complain about the increase in marketing expense, and I guess the main complaint was that the return on that investment was low. I believed that the return on that investment would have been realized over a longer period of time, if they showed dentists and investors that they were a solid business-focused company... confident in their product and the ramifications it has for general dentistry.
A lot of people complained about the shorts, thinking a dividend or share buyback would trigger a short squeeze. Look at NFI and the short interest there... you think any shorts are afraid of that dividend?
So the complaints from the masses (who know so much more about the business than JJ) led to a series of incredibly stupid maneuvers such as 1) firing JJ, 2) starting a dividend and 3) focusing too much on share price and the shorts.
If they cared so much about the stock price, all they'd have to do is RELEASE THE F**KING NUMBERS. Maybe they should have concentrated on just that alone.
Stupidity and blunder. The management shouldn't be listening to you.
The volume at the end looked like bagholders not wanting to miss the rest of what they perceive to be an up move, after the price got bumped up a couple times mid-day, if you ask me. I think the smart folks happily sold to them at these prices, at least for the short term with the uncertainty still looming.
If these folks are in it for the very long term, then fine... but if they were, they would have happily bought near 6 and not be scrambling to avoid missing a short-term upswing.
This seems to be a meaningless price move, and is unlikely to be sustained unless some more serious volume comes along. The price is likely to be quite a bit more volatile than normal with all the uncertainty surrounding the stock right now. Might be a good time to sell if you're trading, especially if you managed to buy some at 6ish just a short few days ago.
Doing OK, thanks :) As far as stocks go my only three serious investments right now are GMAI, NTE and ALGN. Only GMAI is languishing in red-land right now but that should turn around with the next report if there's any justice.
Hi IJ :)
Still waiting, although I did catch a falling knife successfully on ALGN... bought on the way down and it had a nice bounce lately and looks strong from here.
I'm still waiting, waiting, waiting for this friggin report. Hope it comes out before Q1 of 2005 is due :) LOL
It'll be awhile before anybody pays serious attention to this stock IMHO after this fiasco, but looks like long-term investors can probably load up the truck pretty safely here.
With the state of science as it is today... as politicized as it is and with no real agreement in the scientific community... having a strong opinion one way or another is simply a leap of faith.
That said, certain things that may help to reduce global warming, and are not astronomically expensive, might as well be implemented... but having an "at any cost" attitude towards fixing what might not be a problem, is stupid.