InvestorsHub Logo
Followers 0
Posts 4
Boards Moderated 0
Alias Born 07/22/2010

Re: brolay post# 141594

Monday, 07/26/2010 3:26:27 PM

Monday, July 26, 2010 3:26:27 PM

Post# of 241040
Warren Buffett made his fortune by buying stock, often times most of the stock, in companies that had value that had yet to be recognized by the market. He bought, and waited, waited until the value that was there became self evident. True, the analogy is not peerfect, and true I do not know of any penny stocks in which Buffett invested, but the sentiment is the same.

This company, even by the opinions of some of it's detractors, has great products. It has, in my opinion, a good management team. True, mistakes have been made, but they are always made. Look at the mistakes that little start up venture the United States of America made during it's first years, yet, it has proved quite successful and long lived. My biggest concern, as many others have mentioned, is capitalization. If this company had say, 20 million dollars to draw from, to get it through this phase, I would already be shopping for the 70 foot sailboat I want to buy. Alas, it does not to my knowledge, thus it is a penny stock with significant risk, but with accompanying incredible potential. I cannot say I will never give up on WNBD, but I can say that option is in my mind not yet on the radar.

Sincerely,

Sailor

"A house is really no more than a badly built boat."
-Sven Lundin (April 94, Cruising World magazine)