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DewDiligence

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DewDiligence

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Re: AlpineBV_Miller post# 24476

Thursday, 02/23/2006 3:08:36 AM

Thursday, February 23, 2006 3:08:36 AM

Post# of 252302
Re: IMCL

>was the last sentence really necessary, Dew?<

I was astonished that the cited excerpt was yours. Normally, we may differ on opinions, but I’ve never seen you get your facts wrong. Now that you’ve explained that you were misquoted, I retract my comment.

Actually, this is a case where our opinions—at least on valuation—are not far off from one another. I do not think IMCL at 38 is a screaming buy, but neither do I think that it’s clearly overpriced.

I picked up IMCL last July at 32 and sold half of it at 36 last month (#msg-9149699). If it goes up a bit more, I may sell the rest. Regards, Dew

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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