Thanks Bob... no wonder they are that cheap... when it's too good to be true.. it probably is... except MDF lol... :) to good to be true but it's true...
Bob.. I know oyu are down of the high on MDF and TGA... last night I read one of buffet biography book and there's 1 guy who bought a bunch of berkshire shares after he met buffet..
He bought 1500 total shares bought ranging $150-$500 per share and he ride it up to $9000 and when it dropped 30%+ to $5000 in early nineties, he almost sold but he didn't.. fundamental doesn't change, the whole market is down I guess at that time.. now he is sitting on more than $100M worth of berkshire stock.. the last time I heard about that guy, he's planning to donate 1000 share.. as he doesn't need that much money...
interestingly a lot of buffet shareholder/followers are thrifthy.. just like buffet (except his corporate plane which Munger will sold as soon as Buffet dies), claim munger.
That encourange me to hold MDF through thick and thin (as long as fundamental doesn't change).. all my friends/colleague/clients have sold MDF at $2.8, $3.0 and $3.34.. I told my boss first to sold at $2.8.. after just 8 months holding.. then the rest of the pack ebcause I really know/feel that MDF is overvalued (on after tax basis and on snapshot basis), but I know I'm investing the future and I trust that Mr Earley can execute his risky HMO plan (high risk high reward)
I thought I would sahre this to inspire others too..
I'm still disspointed though that MDF stock went down a lot but I'm maintaining perspective and try to ignore day to day fluctuation
Stan
Stan
