This was a good example of market irrationality, capitalizing DCO at only $90 million or so....a price at which I eagerly would have bought the entire company. Instead, I bought what I could afford below 10, sold enough to offset my residual losses, and plan to hold the remainder for the longer term. If the market were to capitalize DCO the way it has some Internet stocks that will never earn a dime, we'd own the world! ;-)According to the New York Times, value investing looks as if it is making a strong comeback. Are people finally wising up to the fact that it will take a hundred years for some of these Net stocks to pay out?
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