NewMarket Technology (fka NWMT)

[eddy2]

How R&D and industries change and were Sly made a fortune by what we all think is dumb luck our selves.


The technology boom had taken off and there was the huge perception that paper would go the way of the horse and buggy.


Well Sly looked at it and said hell know your not going to use a cell phone to wipe ones butt. It is why he likes to use the word but in every sentence he writes.


Then he looked at the companies who was spending the most on R&D and who out there in the market had toilet paper and what product made the most sense to him for cost as well as consumer interest in new products.



Well the market for paper kept dropping, depreciation was huge on old as well as new inovation in paper products. A lot of R&D was spent on electronic paper screens ect. while many kept to toilet paper some looking for softer more expensive toilet paper with lower margins he avoided those companies and stayed with the ones who products already made sense that had good margins along with a good solid product in both toilet paper a well as paper towel products.


Well he found a company that had just purchased a company in a reverse takeover were they spun out the toilet paper along with the paper towel products and because of the lease to purchase agreement in place the stock just tanked. He kept shorting the stock for the benefit of the company and kept increasing his interest on the down side.



Now was he that clever no he just happened to luck out on a piggy back situation that just happened to be involved in toilet paper and paper towel products then of course he likes to tell a much different side to the story as I told here.