- Thread starter
- #21
Would you invest in a company with the following characteristics:
-Stock price declined from $1.50 to present .62 a share
-Revenue down over 14% in last quarter
-Book value at .27/share
-Lost $8.7M last quarter
-Gross margins of -113%
Smart investors buy stocks that have declined and the books look bad.
Dumb investors buy stocks that have been rising and have great numbers.
Buy low, sell high is the only way to make real $ in the market. Mutual funds and buying the designer stocks is for suckers.
Remember, buy low and sell high.
Bankrupt investors follow your advice, catching a falling knife.
In this case, their lack of ability to generate any profit and dependence on gov't aid suggests they are not a viable company.