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Thursday, November 08, 2007 2:13:35 PM
http://investorshub.advfn.com/boards/read_msg.asp?message_id=15259186
I guess I should have said .38 in a year instead of .20 in six months. Sometimes it takes more time for awful balance sheet funamentals to play out. Regardles, the inevitable has finally happened.
Now, however, UWINK finally has what they needed, which is cash. And I must admit, that even though I was right about where the price was headed, I was wrong about the restaurant itself. Much more popular than I ever imagined.
The fact that management actually raised money in arguably the worst financing environment in the last 20 years is pretty impressive. They have the capital to succeed now. And, after 12 months of being ridiculously overvalued, this is finally the time to buy. I'm not a buyer,but unlike the rest of the past 12 months, I don't think anyone buying at these levels is making a bad decision.
Good luck to the longs. Hope you make some of that lost money back.
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