So, are the pro-CART lemmings buying CART/MPH? -
08-13-2003
, 02:57 PM
One of the things I find most interesting is that it still seems none
of the pro-CART cheerleading lemmings are buying CART/MPH stock.
These pro-CART cheerleaders (who probably do wear skirts) strut and
swear that CART has a bright future, and that there will be a buy-out,
and that the new owners will be able to turn CART around and make
money, and that CART is not in dire straits but is instead poised to
take over the world and finally bury the IRL, yada-yada-yada-yada, but
yet they won't jump out there and buy as much CART/MPH as they can.
I mean, if CART is poised to turn-around and have these great new
buyers who will take ti private why wouldn't these oh-so-confident
pro-CART lemmings be out mortgaging their house to buy all the
CART/MPH they could muster?
If they did, and there was a buy-out, then they would stand to make a
killing, buying MPH at a $1.50 or so and then selling it in the tender
offer of what would have to be in the $3.00+ range or more.
So, I'll ask again - Why aren't the pro-CART cheerleading lemmings
putting their money where their mouth is and buying CART/MPH to beat
the band?
I'll tell why they are not.
They know that CART is toast. They are not the least bit confident
that CART will survive. They are just as skeptical as the next guy
that there will be a buyer for CART. They don't really believe there
will be a buyer, or that anything is going to save CART.
If they did, and I mean REALLY did, believe that CART was going to
survive, they would be buying all the stock they could -but they're
not, and its because they don't really believe like they say they do.
In other words, they are all just as big a hypocrites as I always said
they were. |