Originally Posted by
Dentie
I don't agree with your generalisations here Skid. Not everyone is sitting on the edge of their seats.
I reckon the only ones who are sitting that way are the ones who have the sole intention of trying to make some quick dosh. They are otherwise known as speculators (or traders) and are not at all interested in the good work the company is doing. Most of these participants would be equally happy on the racecourse, or in Sky City or just plain old lotto. I certainly don’t see them as “part owners” of the business and, in my view, don’t deserve to be on the balance sheet.
To be totally honest, I couldn’t care less what the sales figures are in a couple of weeks’ time and I dare say most of the REAL “part owners” of the company probably feel the same way – hence the long term stability at the top end of the shareholders list.
As a REAL part owner of PEB – from a business perspective, I am more than happy with where things are currently at and, if the gamblers start unloading – I’ll be happy to help the others absorb those shares.
However, if the “science” or “intellectual property” starts falling apart – or if there is some crazy decision making by those that matter…then that will be another story.