posted on
Oct 08, 2006 09:00PM
Hi Abbe
Hope things are well with you & Marshall. Am often around and check the posts often. I saw your earlier post and have just been waiting for the proper time to post again.
How 'bout those TIGERS!!!!..A little Motown magic! David vs. Goliath. They annihilated the Evil Empire. Tigers waited 19 years to get back into the playoffs. That's way, way too long. This was Sweet! Michigan trounced the Spartans the same day. Wish I was in Detroit / Ann Arbor this weekend. Not even the lowly Lions could spoil this weekend.
This week should be interesting. Friday was good volume. Am looking for more follow thru in terms of volume this week.
My gut says 1Q expectation is being over-hyped a bit. People may be a bit dissapointed in the results, especially in terms of the share buyback.
I have always advocated re-purchasing the Warrants first. There is way too much overhang in this stock, which will take months if not years to eliminate. Thanks Lowell !!.. Our 25% owners are selling into every major bull run, never forget that, which will cap any long term price stability at a higher floor price. Until the overhang is gone, the other 75% shareholders are at their mercy.
Am skeptical, an accelerated number of signings per month are in the offering, until I see it. It takes a lot of people to negotiate good deals. There good be a lot of politics by TPL in determining how hard they go after some firms.
The boys in the back room are yelling at me to get back in there, as we are finalizing a major play this week. That is all I can say for now.
Know what you own.
Virt