Wednesday, June 01, 2011 5:12:55 PM
special traits...
selfish, arrogant, stubborn, "know-it-all" individuals who listen to no one, do it their way (+ many excused mistakes along the way), and only care about WHAT they perceive as important!
Encountered a variation of this in Brand X last year... stock peaked above 7 but so many "expectations" due to inexperienced CEO zeal that hard times (missed targets) dropped it back to .57 during the last year (again). However, CEO is a quick study, learned his lessons from his mistakes (even admitting to a few), and headed into the second AGM on June 11, it has recovered to 3.35. Should continue upward because HE DOES recognize the need to keep material info updated to public as it happens, PRs trade show events company participates in, & is committed to building shareholder value so company can uplist & EMPLOYEES can put shares into retirement accounts!
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett
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