Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I came into DAB at around 18 or so with 3 diffrent buy dates at about that same price. I watched as the stock wendt to almost but just short of 30. Then the annoucment of Thursday August 26th 1999 came out. I had been mugged and shot, the stock had been violated and I lost a lot of equity on the next day of trading. So what did I do. Sold my BNI stock and bought as many shares of DAB as the proceeds would allow at about 13. Opps goofed there too! I sold a losing stock for more shares of another losing stock. I truely had faith that DAB was going to turn it around this quarter. They were to going to show them idiots! So the question is "At what temperature and for how long do you cook Crow". The pictures of me eating the crow will be extra. I need the funds!

More seriously. I not going to bail yet. I have the money in the stock and while shaken I still believe that they have a good popular product. It needs just a lot better execution and less overhead. With the Pacific Rim now open and more in Europe things do look brighter. I think the decision to not expand more then 4 stores next year is wise and positive. Let's get the debt down some and take good care of the ones that are already open. If the stock recovers somewhat or begins other positive things begin to happen I probably double my current stake in the company. In the meantime my 5 or so year time line with this stock looks okay as long as there are no new disasters on the horizon. Coporate headquarters is just down the road from here and I do tend to drop in now and then to check on things. I definitally will be going to the stock holders meeting whenever!
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.