Forum Archive Index - January 2000

["Bud Fox" <bud_foxx@hotmail.com>]

Phil,

I have commented on Bens reply in a previous posting.

Re netiquette, I was of the understanding that this newsgroup was to discuss 
shares, this may come as a surprise with the current 'dot-com' bull market, 
but shares do go down, and when they do (if history is anything to go by) 
people remember things like valuation multiples, cash flow, retained 
earnings, PE Rels, silly little things like that.  Yes ITC has been a great 
stock, yes it has exciting opportunities ahead of it, but so did Chase, 
Equiticorp and the likes in the 80's.  No I am not suggesting that ITC is 
another Chase, but I also think it is sensible and wise to question 
companies from time to time to see what the basis for the valuation is.

I for one do not believe that everything any company does 'turns to gold' 
and that a suggestion that a company may be overvalued is as useful to a 
news group as a posting that thinks they are cheap.

Bud

Disclosure: Do not own ITC and think they are overpriced.


>From: Phil Williams <philw@hyperactive.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] Re: ITC - Ben Dutton Comment
>Date: Sun, 16 Jan 2000 13:52:37 +1300
>
>Bud,
>
>In defence of Mr Dutton: looking back through my sharechat archives, he has 
>disclosed his holdings not only on ITC but on every share he's mentioned. 
>Commendable.
>
>While all opinions are valid, it could be suggested that irregular 
>contributors to this forum would be well advised to offer some information 
>of positive value before making ill-informed, combative postings.
>
>This is basic netiquette for all topical mailing lists.
>
>Sincerely,
>
>Phil Williams
>
>Animation/Media Design
>Hyperactive New Media
>Wellington, NZ
>+64 8019550
>
>
>
>
>
>
>Bud Fox wrote:
>
> > Ben, Given that not all readers of this site know that you are long ITC
> > would it not be more professional to disclose that you are long this 
>stock,
> > and therefore could be considered to be less than neutral in your 
>opinion.
> > I note in your postings on Raging Bull you disclose this information, 
>how
> > about the same here for the sake of clarity.
> >
> > I also think that Mr Fergusson's comments are incorrect, instos have 
>been
> > sellers, NOT buyers of this stock, not that insto's have been a 
>reflection
> > of value anyway.
> >
> > Bud
> >
> > Disclosure: Do not own ITC and think they are overpriced.
> >
> > >From: "Ben Dutton" <bendutton@sharechat.co.nz>
> > >Reply-To: sharechat@sharechat.co.nz
> > >To: <sharechat@sharechat.co.nz>
> > >Subject: [sharechat] ITC
> > >Date: Thu, 13 Jan 2000 07:38:10 +1300
> > >
> > >It's interesting to read in the Press this morning:
> > >
> > >"IT Capital fell 6c to 75. Institutional brokerages were buying at that
> > >level, Mr Fergusson said, with plenty of sellers".
> > >
> > >Good to see some more institutional support for this share after 
>Spicers
> > >sold down its holding last week.
> > >
> > >Benjamin Dutton
> > >
> > >
> > 
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