Overflow
posted on
May 25, 2011 07:20PM
Truthfully, I can't tell what CHM's market cap should be, only what it happens to be right now, which most say is severly undervalued.
Considering the money out there, considering the multiple discussions Granger/Smith and CHM guys are having, considering the motivation CHM has to "wrap up" Fancamp, considering the money floating out there due to Wisco-consolidated Thompson buyout, considering CHM is a one trick pony and my estimate was based on several concurrent FNC tricks, and considering where CHM's SP breeched when they hit 1/3 the iron they have now and that should be less then what we anticipate to find (plus Magpie), then I stand behind my estimation firmly.
Glass have full issue. My wife married me because I'm half full - well full of something. I feel everytime I sell a little FNC, I'm betting against its SP. Unfortunately, I keep winning.
This may be because minicrocap feeds on momentum and action , not timelines. Granger sped things up, so times have changed. But the SP hasn't figured that out yet.
But, even now I have a few shares out there hoping to multiply so I can gain more FNC shares and I feel extremely foolish. All assessment of FNC, all phone calls, leads to an increased FNC SP.
Only a few out there (on the other board) conclude a decreased SP. I recommend we all read and try to understand the sentient of an FNC failure, put such scenarios through their paces and see if it is solid or to what degree -to make sure my timeline is fair and balanced. Perhaps to furthur understand the degree of risk.
As it stands, FNC is the ultimate rock-solid security to bring multiples. That feels like a glass 100% full and overflowing.
-sg