I cannot speak for burp... I doubt he is a fool.
I believe he has & still holds "free shares" that were acquired by flipping on some of the earlier swings in CFRI... and I believe he believed the sincerity of the early PRs about how wonderful eko-flor was!
I know I did... all the hype about testing, certification, etc... customers going to knock down the doors... yeah! I'm feel sure CFRI had to KNOW the costs of the product... and what the market would really bear! (Something that they will not share in the face of disappointing reception of the product!) Not even a statement about refinements or attempts to become competitive... just some lame tests that make little sense in scope and duration! No contracts that hinge on successful evaluations, either! Just a few months of LOOKS without any commitment to use it!
I suspect company owned shares got sold during some of the runs... milk the cow and shear/fleece the sheep...
I took my lumps... one good buy at a decent price... and a later foolish buy as a run coincided with hype! Then the awareness that NOTHING was to be forthcoming from the BIG SHOW in Europe! Sound and fury... or should I say flurry? Blinded by the blizzard! Yep, sold a good slow stock... cash cow IGR to buy CFRI!...
by the time it was all washed (washed out?)... and I could see thru the dirt dished along with the facts... I escaped with a CHEAP lesson thanks to the one early BUY of CFRI!
Better to be a TAD late into a rising proven winner than months way too early into an over-priced hype!
I keep looking back in... hoping to see that the initial assessment might be right and worth a second chance: so far not a proven fact! Lots of reasons to doubt the grist from IR!
JMO...
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett
AI
