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Saturday, January 22, 2011 7:54:49 PM
I never thought that Voyager was necessarily profitable. I looked at what it could become with the acquisition of Scrap USA, my valuation of that business, its clients and its partners. I also looked forward to how well I thought that business could be run under new leadership.
In this case, for me, I chose not to look at the past under a CEO no longer having a say in the direction of the company. I chose to trade a company based on what I believed this acquisition, new direction and leadership would provide.
So to answer your question: NO. There is no way to tell what a non reporting company is doing or is worth.
The only thing you ever had to base a purchase of this stock on was the acquisition. Hope that helps you.
NavyGirl
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