Samuel Sanmina: Last Remarks on Syntax-Brillian [View article]
You were right, and most of us responding to these articles bullishly over the last year were wrong. What we took as an attempt by management to actually save the company appears to have been a setup to just transfer the assets to another company (probably with Li at the helm). Book value doesn't mean squat when the board dumps all the assets to a shell company and sticks it to the stockholders. Maybe the court will see that and refuse it, but I'm not holding my breath. Currently, the stock is worth less than the commission I'd have to pay to sell it, so I'll just keep it. But however bullish I was on BRLC and a possible turnaround, in regards to crazz's comment, if you had your life savings in BRLC stock --- man, you were crazy. I wouldn't put all my life savings in ANY one stock. McDonald's, Exxon Mobil, GE, whatever.
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You were right, and most of us responding to these articles bullishly over the last year were wrong. What we took as an attempt by management to actually save the company appears to have been a setup to just transfer the assets to another company (probably with Li at the helm). Book value doesn't mean squat when the board dumps all the assets to a shell company and sticks it to the stockholders. Maybe the court will see that and refuse it, but I'm not holding my breath. Currently, the stock is worth less than the commission I'd have to pay to sell it, so I'll just keep it. But however bullish I was on BRLC and a possible turnaround, in regards to crazz's comment, if you had your life savings in BRLC stock --- man, you were crazy. I wouldn't put all my life savings in ANY one stock. McDonald's, Exxon Mobil, GE, whatever.
Jul 08 12:43 pm
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All Comments by CT Programmer »Samuel Sanmina: Last Remarks on Syntax-Brillian [View article]