| To: Eric Hodgson who wrote (46) | 3/13/1998 1:54:00 AM | | From: Ben Marfield | | | |
sigh.... i see that those who are close to this situation do not type out their wisdom for those who are far.
i came to this stock through Nancy Z's newsletter, "Undiscovered Stocks." I can not say how she would break the word that she was wrong, except perhaps to say "hold" rather than "buy." historically, SGMA does best in the winter quarters, so this is not the time of year to expect a turnaround. A more basic problem is that SGMA is in a very competitive industry.
Nancy Z seems a reasonably insightful creature, and because this stock has so few shares (less than 3 million, I think), a little buying will go a long way. For now I'm saying that the traditional idea about stocks is to hold for years and years and that our fault seems to have been bad timing.
I'll report here what Z says in her next newsletter, due out in a couple of weeks. I only wish that others would tell what they know. In particular, to what extent does the Asian situation explain the weakness of SGMA's business performance?
My advice (since you asked) is that you remember this: the stock price is not itself the problem. |
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| To: Ben Marfield who wrote (47) | 3/13/1998 8:18:00 PM | | From: Eric Hodgson | | | |
Thanks Ben,how true about what you say about the stock price.I too
bought on the advice of a so called guru,Richard Bann.Just goes to
show you that my 6 year old granddaughter could do as well as the
experts!! |
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| To: Eric Hodgson who wrote (50) | 3/23/1998 10:09:00 PM | | From: Ben Marfield | | | | |
i have a singularly dreadful history as a stock picker; but she might want to check out the boards on Lenox Polymers (LXPYF) and Galagen (GGEN) in case I was wrong on a 2-year time frame but gloriously right for the new century. Oh, and there's always the most dreadful pick of all: Omnis Software (OMNS). Sigh... |
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| To: Ben Marfield who wrote (52) | 8/29/1998 6:06:00 AM | | From: Ben Marfield | | | | |
As a result of the dreadful weather in Texas and Mexico, SGMA suffered significant damage at plants there. The firm reports that the damage is largely covered by insurance, including business-interruption insurance. |
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