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IL Padrino

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IL Padrino

Re: PennyWorld post# 2106

Saturday, 02/05/2005 7:03:25 AM

Saturday, February 05, 2005 7:03:25 AM

Post# of 36792
Maybe he needed the money for a move that would propel the company into new highs and couldn't wait. Sometimes in the business world, you have to take risks to make gains.
For instance, I sold short on ADSX and CMGI to buy WLSF. It payed off royally and I doubled my money.
Maybe he needed the cash to buy another facility and couldn't have done it any other way. It would be better than taking out a loan and paying interest on it, IMO.
I'm just guessing here, no knowledge on anything, but it could have been the right thing to do at the time.

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