Forum Archive Index - October 2000

[Gerry Tyler-Smith <g.tylersmith@ext.canterbury.ac.nz>]

Jeeze, Tony, I'm glad you're not my father, husband, or son, if this is an
example of your haste to judgement.

Why are we all investing, if not bouyed up by hopes of rising share
prices,through either earnings, acts of God or governments or corporates ?

In terms of assessing the fundamental value of a company, that too, is
subject to vagaries of world economies, as well as environmental, legal,
infrastructural and market issues  (plus what this same  company choses to
disclose through its accounting and reporting methods).   Purchasing a
share with an NTA of $1.69 at even such a herd-following high of 90 cents,
is hardly the act of a reckless or feckless speculator. I am truly awed at
your absolute fiscal understanding of a company in an industry  complex as
forestry.

PS: What is this 'pees me off'?  If you're gonna cuss, cuss like an adult.



>    Any one being hurt by the Fletcher movement  has only themselves to
>blame for getting sucked in by rumour . If you're happy  to speculate then
>you should be happy to accept the consequences of your own  actions
>instead of casting about for a scapegoat. This has become  classic kiwi
>behaviour of late, and quite frankly pees me off.      IMO  no offence
>intended   Tony Haddon




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