Forum Archive Index - September 2003

["Morgy 40" <morgy40@hotmail.com>]

Snoopy

Of course you cant trust the figures in the accounts, as much wishful thinking as you desire to apply will not change things, why not integrate your thinking a little, you have spotted the dog , follow the price down on the charts and buy at the lower price once your fundamentals tell you different, those fundamentals will be based on the same accounts you dont trust today but never mind.No I am not talking about trying to pick the low just a spot or 2 nearby.

Why do you spend so much time studying accounts that you have just said you dont trust ?.

It is completely illiogical in my opinion, its like knowing the chicken has been sitting on the bench for 3 days and trying it to see if it has salmonala, your logical mind knows it probably has. Just get a feed from burgers or kebabs or  somewhere else until there is fresh chicken available.

Regards

Morgy

>From: "tennyson@caverock.net.nz"

>Reply-To: sharechat@sharechat.co.nz

>To: sharechat@sharechat.co.nz

>Subject: Re: [sharechat] Rbd whatsup by macdunk

>Date: Mon, 22 Sep 2003 22:44:53 +1200

>

>Hi Macdunk,

>

> >

> > Snoopy are you still trying to work out what sort of a dog this Is?.

> > Its a St Bernard snoopy a great glutton that eats share holding

> > value. It even flogged off the kennel In order to grow bigger.

> > I would have thought most people would have recognized It when

> > It was a pup

> >

>

>Being a dog, I like to sniff out other dogs Macdunk. And when that dog

>is a ship without a captain sailing into uncharted territory (Australia),

>and warships with cannons are threatening to attack from home base (

>the 'Domino' effect) and some of the crew are jumping overboard in

>desperation you have to admit things are looking bad.

>

>This is of course the time when Snoopy the contrarian starts to get

>most interested.....

>

> >

> > It might not be dog of the year Fletcher forest will take

> > that out, but Its In the hunt for a place. Sorry snoopy only a bit of

> > fun.

> >

>

>Poke away Macdunk. I don't mind a few barbs poked in jest.

>Whether RBD has reached rock bottom or has further to sink is

>something I feel it is worth putting in a little time to determine.

>

>This involves close scrutiny of the fundamentals. I think we can forget

>$2 per share. But perhaps $1.35 to $1.40 in a years time might be

>on? Add in a 10c franked dividend and the overall return is looking

>quite attractive. But can we trust those profit figures in the annual

>report? This is what I must try to figure out.

>

>SNOOPY

>

>discl: hold RBD

>

>

>

>

>--

>Message sent by Snoopy

>on Pegasus Mail version 4.02

>----------------------------------

>"Dogs have big tongues, so you can bet they don't

>bite them by accident"

>

>

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