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No. of Recommendations: 1
Who cares if the family owns a significant portion!

They may be making lots of money off it as owners can but the shareholders have not.

It is a poorly run company in my opinion and not worth the time to follow. It was never able to make a true profit in the past except via hedging which tells me they could not make a profit by simply selling their product as is because their costs where too high. A result of poor management decisions.

There have been many companies in the same sector that have gone up in price from 2x to 10x in the past 1 - 5 years. So why not sell the dog piece of .... and move on to better pickings. I sure did and am happy and have way more fuller pockets $$$ as a result.

These past ~5 years have been wonderful, especially if one gets away from going in circles as I see happening on this board regarding the scope of companies discussed. I discovered many companies in many different sectors that have risen 2x, 4x, 6x to 17x in the past up to 5 years. Many even pay a dividend. Some have increased their dividend ever last 13 quarters uninterrupted for example.

And yes I own many of them and have just bought them and held them. There has been no real reason to buy/sell/trade much at all these past years.

Isn't this investing thing fun once we learn a few things and open our eyes. We are often our own worst enemies I have learned.

Price targets are for the industry to generate self interested jobs and pay cheques so I do not listen to them. Same goes for most news....

No one gets it right 100% of the time. So I suggest sell the sucker and move on!

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