my perspective and a quick hello; I have been off the hub since September, taking time off and getting R & R. I actually did not check prices for several months, finally I signed in to see our 25 cent PPS.
Here are some of my perspectives on LTC. I think we all know that an "outright sale of LTC" always a possibility, its just a matter of the price. That would give us back our original investment with profits. There is clear value here, the catch is starting up a medical device company from scratch. Medical sales, while down a little, are still strong and the least sensitive to economic meltdown. Investment dollars will tend to go toward defensive medical plays in the future. My confidence in LTC is high enough to buy more shares at the current level. I have not sold any of my original shares (for a tax break for example) as soon we are headed back up. what "soon" means to one person is different from someone else. thats why I took time off the investors hub as I said in several posts we are talking in terms of weeks and months, not days and weeks. If I knew what I know today, I would have waited and invested the same amount of money again, really right now, but at this level. In other words I still believe in the message and the ability of the company to deliver. Don Robbins has good and bad, like any CEO, but the facts are he has put brought over a incredible medical technology and coordinated world wide rights, a remarkable achievement. The economic meltdown did not help, but has not crushed us either as medical is always the way to go in hard times. people always still have surgery, it not like diamonds or yachts or NASCAR (Charlotte has a huge NASCAR following, and now the NASCAR Hall of fame building--I actually road the track at 165 miles/hour a few weeks ago--my copier salesman gave me the free ride! from Dale Earnhart racing who is laid off 100 employees in the fall), somethings people can do without- surgery is not one of them.
Don can sell LTC as a unit for a "relatively low price" (well above our investment levels) or keep fighting and try to fly higher. I think of mix of the two is all we can expect now. Those of us who have held on get our original investment will see profit, no doubt in my mind. how much patience will be required? I am not sure but I will wait it out. success is ahead on what level is hard to say. as long as I can cash out, pay up, and show some profits in payment for the stress, great.
My biggest concerns? Don's health, and the continued participation of Frank. If those two things are OK, and all else being equal, the future is OK, its just a matter of how bright and when.
best to all,
Joe in Charlotte
