Path: utzoo!utgpu!news-server.csri.toronto.edu!rutgers!cs.utexas.edu!samsung!zaphod.mps.ohio-state.edu!mips!pacbell.com!tandem!zorch!xanthian From: xanthian@zorch.SF-Bay.ORG (Kent Paul Dolan) Newsgroups: comp.sys.amiga Subject: Re: Commodore stock Message-ID: <1990Aug27.101017.16359@zorch.SF-Bay.ORG> Date: 27 Aug 90 10:10:17 GMT References: <90237.145531JKT100@psuvm.psu.edu> Organization: SF Bay Public-Access Unix Lines: 38 JKT100@psuvm.psu.edu (JKT) writes: >Commodore stock ended the week at 4 7/8 a share, after hitting a low >of 4 5/8 a share on Thursday, the lowest price I have ever seen it. >It was up to 11 1/8 back in January, and has been sliding ever since. >I've seen at least one article in some Amiga mag somewhere that echoed >my confusion about this state of affairs: That there is little or no >reason for the stock to be at this level. Commodore is doing better >now than it has in years, with better products, better managment, >better marketing, etc. Why the heck is the stock down so far?? >I am fearful that with stock prices this low, C= may be ripe-pickin's >for a hostile take-over. Does anyone echo this fear, or has my >inadequate knowledge of the stock market led me to an unfounded >conclusion? Well, Commodore just posted Yet Another Loss for the quarter, which can hardly thrill investors, and I haven't heard that CBM is yet out from under the thumb of their bankers, so things are probably unattractive from that side too. I'm _not_ going to claim that all the advertising in the world can't overcome the word of mouth on a company that won't fix its mistakes; nope, not me. The customers are staying away in droves for reasons other than the reputation the company and the product have earned, I'm certain of it. ;-( Kent, the man from xanth. -- Wish I were allowed to buy stock; if Commodore ever _does_ issue the needed recalls, the customers might come back, and this would be a cheap entry at a chance to get rich. Pitiful to see the hardware and software engineers work so hard to develop such technically superior stuff, and turn around and watch rotten management ruin the market. This is a $20 stock being dragged down by sheer stupidity.