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Thursday, April 04, 2013 6:15:12 AM
I know you were being sarcastic but Warren Buffett would never consider touching MSLP. It is the kind of company he advises to stay away from as an investor, as a trader (which he is not) it's another story.
Some of Warren Buffett's investment criteria:
--Invest in people. Brad (bankruptcy), Cory (awesome abs and not much else), Bluher (no record of running a successful business, probably there to keep the 3 Amigos out of legal trouble). Lies, lies and more lies to raise funds the last four years in order to stay in business.
--Invest in the business. In the long-term the only way you can make money is to invest in companies that make money. MSLP: four years in business, four years of losses.
--Make sure management's goals are aligned with its shareholders. Lavish salaries, perks, compensations while the company has been bleeding. A four year record of dilution to destroy shareholder value. Management has been doing well, not the shareholders. Management is now in the process of giving away the company to a few big money investors.
Warren Buffett would CRY (tears literally streaming down his face) if he saw MSLP's financial statements for the last four years.
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." --Warren Buffett
GLTA.
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