Wednesday, January 18, 2012 3:35:58 PM
Nope, not legitimate questions. Straw men posed in the form of questions? Yes.
1. "Why doesn't Briscoe buy back shares?"
Because the company has better uses for what capital it currently has.
2. "Why don't they list their claim assets in monetary terms?"
Because they haven't been drilled yet and thus have no monetary value.
That's what makes a horse race.
And for those who prattle, "The market says, the market says", that is the shabbiest argument you could offer. The efficient market hypothesis is bunk because, if the market was always right, no one would make any money.
1. "Why doesn't Briscoe buy back shares?"
Because the company has better uses for what capital it currently has.
2. "Why don't they list their claim assets in monetary terms?"
Because they haven't been drilled yet and thus have no monetary value.
That's what makes a horse race.
And for those who prattle, "The market says, the market says", that is the shabbiest argument you could offer. The efficient market hypothesis is bunk because, if the market was always right, no one would make any money.
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