snerk

Feb. 6th, 2008 11:49 am
solarbird: (face-of-moe)
[personal profile] solarbird
Okay, so, if you're a large investor and you're trying to save a company in which you're invested, do you know what you don't do? Compare managing the company you're trying to save (Toll Brothers Home Construction) to "driving the Titanic":
"It's like driving the Titanic, things don't turn on a dime," said Dave Crossman, an analyst at Kirr Marbach & Co. in Columbus, Indiana, whose firm owned about 370,000 Toll shares as of Dec. 31.
Gosh, Freudian much?

Date: 2008-02-06 09:50 pm (UTC)
From: [identity profile] dustin-00.livejournal.com
stockholders: Wow.. this sure is a big ocean of debt.
Crossman: Yep
stockholders: How far to shore?
Crossman: Only about 3 miles.
stockholders: Really?
Crossman: Straight down.

It's a simple, 90 degree turn, and then you just let gravity do the rest!

Date: 2008-02-06 09:51 pm (UTC)
From: [identity profile] dustin-00.livejournal.com
/a or /i... who can tell the difference?

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