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Re: troutkinglives post# 33357

Wednesday, 07/27/2011 3:39:42 AM

Wednesday, July 27, 2011 3:39:42 AM

Post# of 53982
"10 years ago it would have been considered crazy dreamin' to imagine FASC would have connections to companies such as QL and PWR. My, how times have changed."

Indeed times have changed. Ten years ago, the pps for FASC was multiples of what it is now, at 10 cents:

http://bigcharts.marketwatch.com/historical/default.asp?symb=fasc&closeDate=7%2F27%2F01&x=26&y=21

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=FASC&insttype=Stock&freq=2&show=&time=13

Add in the cost of money over the past decade, and that fall of over 75% is a somewhat sad return on "investment".

Over the long term, Mr. Market gets it about right, even if he is somewhat bipolar on a short-term basis.

And for the last few years, Mr. Market is saying that FASC is essentially worthless.

And even with all the exhaustive (and I imagine exhausting) straw-clutching that goes on here and elsewhere, Mr. Market is clearly essentially correct.


"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."

Upton Sinclair

"Nobody ever went broke underestimating the intelligence of the American public."

H. L. Mencken

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