Saturday, August 30, 2014 11:24:57 PM
Having looked at the earlier numbers ( and yes, the numbers can lie ), it appeared CWRN had a good enough profit margin, on ore mined ans sold by the ton, to make a go of it.
Then Bob tried to sharpen the shipping cost pencil.
I "thought" CWRN had a shot and was relatively undervalued ( except for the bloated A/S and O/S ) before, what appears to be, a momentary and significant loss of judgement by Mr. Cotton.
Of course, another thing that got stuck in my craw, were those ridiculous sales projections. What ever happened to "under promise and over deliver"? Some blue chip companies are expert at slightly under projecting sales and profits figures.
Folks on the IHUB board learn the same lesson over and over. Ring the register.
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