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Alias Born | 01/28/2007 |
Friday, May 18, 2007 10:28:56 PM
Other than IR being overly zealous, nothing that Esprit has done in the past 6 months has been for not. In fact, recent news reflects results of efforts that began in 2006....if you bother to track historic PRs and other events.
This potential M&A with a China company acting the same as an early stage PayPal....with tons of banking connections/partnerships already established, is a coup du jour. This is the best and easiest way to get a foothold in China. To do it otherwise would require huge amount of business and government payoffs based on my understanding of the current corruption. Think about it? A pinky company that is about to own a Chinese PayPal with Olympic 2008 synergy (don't even get me started with Forex)!
Why are people only looking at the present cost instead of the huge upside down the road? Some of the negativity is amazing. Truly amatuerism in the investment world being presented by some of these posters.
People - if you want to trade something....there are thousands of other plays out there. That is how I make my daily paycheck. However, if you want a +1000x payback for a 1-2year hold, then buy and forget about it for awhile.
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