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Re: erthang post# 6643

Tuesday, 11/14/2006 3:43:35 PM

Tuesday, November 14, 2006 3:43:35 PM

Post# of 30387
Erthang, Trust should never even come up when investing in a company and BTW, whenever you are investing in a company/product/whatever, in reality, you are investing in management. You can only judge management on past performance. You then attempt to take their forecast of the future and make a guess as to whether they can really get there.
First of all, you have to decide if they have a good product but still realizing that bad management can screw up a good product. Once you decide that the product is good, then you look at management.

As far as BOCX. I would rate RECAF high. On a scale of 1 to 10, about a 9 only because we do not know yet if a complex test can actually make it on the analyzer. I think we will have that answer in a few months. If we were positive about that, it would be a 10.
As for Management, about a 5. The company was founded by taking over another certificate with no major development money. A huge limitation. They are doctors, another strike. I have yet to see a doctor do a good job. They are too busy in the lab to devote enough time to the business side. They get caught up in situations like Lebed. I think they are wasting money on promotions that are not productive. A million shares to small cap for a year? I really question that one. You can place your trust where you like, I will keep my trust in reserve for those people I know really, really well.

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