Kind of funny how a rated "top analyst" can upgrade a stock with the lawyers circling. Why do you think that is? -- cpat
The capt is so desperate nowadays. He completely ignores the fact that all the "top" analysts he has followed so far were all upbeat on mela and loco; stocks which have sucked the lifeblood out of the capt's retirement account. They are employees dependent on a paycheck but somehow the capt believes their opinion is worth more than a successful self employed investor who has been consistently in the money.
the only thing the capt has of value in his life is engaging the bashers. Somehow this makes him feel empowered.
No wait, there is one red one................. Mela, of course.
I used to own SYT but came to believe the BOD were not managing the company in the best interests of the shareholder and so, I bailed a couple of years ago. I have been a big holder of MON for many years and believe the company will do very well in the long run.
Sorry to see your BOD throw away an amazing opportunity we at MON offered to you (actually, I believe it was way too much in the first place). I think it is about time the SYT shareholders rise up and boot these arrogant, greedy idiots off your Board.
Stopped by El Pollo Loco for lunch again this afternoon. I timed my visit to coincide with the local High School lunch break. Oh, Oh........... I didn't see one high school kid in there during the entire lunch break. Not one. The only folks who came in were local, blue collar workers (mostly Mexican painters etc) and some elderly. Not the demographic I would want to see as the dominant customer in any fast food outlet I owned.
One thing I did notice though was the fact that management has returned to serving the nice size chicken breasts again. I recall that I noticed that the company switched the nice size chicken breasts out for these pathetic, skimpy breast and I wondered what the deal was. I learned shortly thereafter that they were going public and I realized that they were trying to goose their returns by offering a lower quality and cheaper product for the same (or higher) price. Guess the latest quarterly report showed management that the public is not quite as stupid as they hoped they would be and El Pollo apparently has lost a lot of market share.
If you are even interested, go back on the Pollo board at least a year and you will see me comment on the board about this very problem. I was checking out this company long before it was ever came up on the radar on this board. I simply understood that the company had serious issues and elected NOT to buy in.
I said yesterday that the market would give you a head-fake and sure enough, it just did it today by being up hundreds of points all day and then floundering in late hour trading to end down more than 200 points.
There is good money to be made on the horizon, guys. Keep your powder dry.
MIT mathematical proof: Prof. Suzi + alcohol - inhibitions + excitement x pheromones = Good Times.
I have been looking forward to a 20% correction for a long time now. I believe that later this week we are going to see a pop in the overall market and the idiot analysts announcing that the correction is complete. don't fall for it as it will be a dead-cat bounce. Good values in the next several week to months but, no real reason to jump back on board in a big way for some time. Take your time and look for good, quality long term investments.
During the height of his Presidency, I once had a firm grip on, stared Richard Nixon directly in the eyes and literally saw fear wash over his face.
We later made peace and he sent me a nice, personalized autographed picture of himself.
The Viet Nam war years were tough on the both of us.........
You sold all your stocks? That is a pretty ballsy move in this environment.
I have been taking profits (here and there) all year as I have been expecting this correction for the past two years now. While I stayed in certain stocks (like XOM because of such a low entry point) in hindsight, I should have bailed. No matter because I have at least 50% of my portfolio in cash.
I pulled the trigger the other day to accumulation additions on three current holdings however; I have a 120 footer boat load of cash and have been anxiously awaiting for this day to arrive. Let the party begin !!!
Wow.......... the Loco investors sure are a different Kind of investors than those of Mela! They didnt even wait a year before suing the company for providing misleading information and breach of responsibility.
Looks like the loco folks have enough sense to strike while there are still assets available rather than blindly hype the stock for more than half a decade.
I believed it was an obvious joke as well. I believe the capt is just thin-skinned at this stage of the game. Lashing out against those who attempted to help him from the very beginning.
Talk about a "joke".
Wait..... better throw out #2 because the BOD cleverly (and skillfully) voted to include verbiage in the new by-laws that Mela shareholders were banned from suing them for breach of fiduciary responsibility.
I just booked my trip to the Big Island of Hawaii. Perhaps I will run into some mela BOD while there?
Gulfo may have "no more cards" but what he *DOES* have is tons of mela longs' money and most likely, a 120 footer with cook and crew....
OH YEAH???!!! Well, They *GOT* the German Approval after you said they wouldn't, didnt they!!!!!
The capt scores Internet Brownie Points but no money.....
Like Capt Smith on the Titanic:
"Nothing to worry about boys, half the starboard side of the ship is ripped wide open and the sea is pouring in however, we have been able to slow down the rate of water intrusion by 24%. This 45 degree tilting of the ship and the bow being under 60 feet of water is nothing more than a distraction."
I say a good business decision would be to put all your excess and obsolete melafinds into a rowboat, wait for a big thunderstorm and then push the boat load of the stuff out onto the lake. Later report to shareholders that the fish were biting really good but............ these things happen.
"Obviously, the shorts seek out negative news or an event that creates uncertainty".
Like..... oh, I dont know............ tens of millions of dollars in debt and the sale of a couple dozen units of product over the course of the past 5-6 years?
I can totally see the "short conspiracy" to drive down the share price going on here.
Ah yes.... the Ol' "Cool Weather" default excuse for poor sales.
Yeah... yesterday it was 92 in the shade at 5 PM and I remember Giada and I discussing where to go for dinner and she said: "It is too chilly for chicken". (she actually hates Mexican food).