I like Meade Instruments Corp. (MEAD).
The company is debt free and has finally got it's business under control. $3.70 a share is a good price and the small float sets the stage for a nice run to $6.50.
Do you own homework before buying. The company is on the NASDAQ.
This is not a solicitation to buy or sell.
Please see link below
http://seekingalpha.com/article/313610-does-meade-deserve-its-valuation-value-investors-consider-the-upside?source=yahoo
Thanks
Todd
Wednesday, March 28, 2012
'If it's in writing it must be true. Right?
At no time in the past more then right now are the words we write written in ink. There is a line in The Social Network that goes "the Internet is written in pen not pencil". While I agree there is little truth in everything, its the details that matter. I personal have my life to show as an example. Over a 22 year career I have had a 2 year period where everything lined up to become a mess. Oh course the choices that follow the mess where the biggest mistakes. Here is one lesson of many to be shared by me. By the way if you don't care stop reading. I could care less if you think I know what I am doing, I have more then enough war stories to know when I am right.
Once a company starts fail you likely cannot fix it. Wall Street is full if turn around stories you say. I would agree but they ones that fail don't get the press. Apple was on the verge of bankruptcy and would have gone there if it was not for Steve Jobs. We all know this story but what the lesson is here is that a tech turn around are rare and hardly ever happen. I ran a small Tech company building a trading platform and when things went south my over sized ego thought I could fix it. I was advise by smart people to enter bankruptcy with the company. I knew better and did not. I did not want to admit I hired the wrong people and trusted them. I wanted to fix it and made choices that made matters worse. In the end I was blamed for everything, sued by my partners that help cause the problem and my employee left me once the money ran out. I failed to make choices that were business decisions. Let your ego go. Live to fight another day. Not all businesses can be saved.
So the lesson here is when you have a business that's failing maybe it should fail. Now whats in writing is all that words blaming me and attacking me. Saying what the want in ink not pencil.
Todd
Once a company starts fail you likely cannot fix it. Wall Street is full if turn around stories you say. I would agree but they ones that fail don't get the press. Apple was on the verge of bankruptcy and would have gone there if it was not for Steve Jobs. We all know this story but what the lesson is here is that a tech turn around are rare and hardly ever happen. I ran a small Tech company building a trading platform and when things went south my over sized ego thought I could fix it. I was advise by smart people to enter bankruptcy with the company. I knew better and did not. I did not want to admit I hired the wrong people and trusted them. I wanted to fix it and made choices that made matters worse. In the end I was blamed for everything, sued by my partners that help cause the problem and my employee left me once the money ran out. I failed to make choices that were business decisions. Let your ego go. Live to fight another day. Not all businesses can be saved.
So the lesson here is when you have a business that's failing maybe it should fail. Now whats in writing is all that words blaming me and attacking me. Saying what the want in ink not pencil.
Todd
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