Originally Posted by
dubya
I went to the same presentation at The Chateau on the Park in Christchurch last year. There were presentations from two other company CEO's / CFO's as well.
Before the presentation started I went to the toilet. When I walked on there was a ‘youngish’ looking gentleman dressed in a suit washing his hands, straightening his tie, and checking his appearance in the mirror. I had no idea who he was but I guessed he was involved with Craig's Partners who had organised the event.
When it was time for the OCA presentation it was given by Earl Gasparich, and he was the person I had seen earlier. He was the only presenter to wear a suit. In my experience, while the cut of the cloth doesn’t always make a man, I have often found people who pay attention to their appearance and presentation; that is often reflected in the detail with which they run their affairs and business.
In any case, I was really impressed with his passion for OCA. He spoke clearly, directly and articulately. When he was asked a question from the floor, “what keeps you awake at night”? His response of ‘a patient being given the wrong medication’ IMHO was right on the money. It would have been easy for a rhetorical type answer of something along the lines of ‘not adding shareholder value’.
Anyway, I’m not sure why I’ve written all this, but I was so suitably impressed I subsequently quadrupled my holding. It is now the largest holding I have in a single company.
While I don’t hold warrens myopic views (I do enjoy reading his comments though :) ) whether the growth comes now or later, I’m content to keep getting the Government Guaranteed dividend twice a year in the meantime while I wait. I can think of far worse places to park my money.