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DewDiligence

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Re: ghmm post# 17

Wednesday, 02/22/2012 1:49:30 PM

Wednesday, February 22, 2012 1:49:30 PM

Post# of 56
The Shell episode is somewhat bearish not only because Shell didn’t acquire CDXS outright, but also because Shell dealt with CDXS in a manner that ensures Shell won’t have to recognize CDXS profits and losses on its own income statement. I consider this a “tell” that Shell does not expect CDXS to be profitable anytime soon.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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  • 1M
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