Saturday, April 30, 2011

11) go gos of 1990s conglomerates?

we are a conglomerate, tax efficiency transfer of money from business
that do not have good ways of using it to ones that do. LTB, Gulf of
Westerns, Teledyne, they were issuing shares to buy they were ponzi
schemes that people wanted to go along with. But Teledyne issued when
it was overpriced and bought it when it was underpriced, the other
ones were very different. Buying low p/e company with high p/e stock
can be a dangerous game. we are congolomearet and gernally they are
unpopular but i think we can run it in a rational way

cm - some of those companies got into heavy manipulation, one said i
know what im going to report i just dont know how

Sent from my iPad