Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Re: Standard & Poor’s Falcon report update
2
Mar 01, 2010 06:46PM
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Mar 01, 2010 08:07PM
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Mar 01, 2010 09:35PM

I hate to do this, but I must bear the blame not Soly on the S&P report. He appears to be catching the slings and arrows when I made the first comment about the S&P report. I reported that despite the downturn of Exxon pulling out -- it was still at $.47 not $.10 as many believed it woudl go. Soly just reported it is still up there despite that event a week later.

If you follow what I say about investing -- you have to realize that I was a film major in college. All we did was get drunk and go watch Stanley Kubrick films for homework.

But yes -- it is good to see that some reputable companies still place the book value "higher" than the share price which if I'm not mistaken is a good thing for us -- as many investment companies note it is one of the trends people use to pick up underpriced stocks.

That is my Finance 101 interpretation.

However, we seem to have the bashers and the naysayers -- I think people who have lost money are a little bitter -- I know I've lost half of my investment value -- but that is how it goes these days. Lets not jump on people who show an opinion -- otherwise we degrade to the level of the last board. I'm still in it for the long haul - 2012 is my timeline to profit or move on. Likewise -- we all are feeling disappointment since Exxon pulled out as we all hoped to retire off of this one.

My opinion is that as a board, we should start an effort to get pressure on Falcon to start doing quarterly investment briefings. I think as a collective -- if we start to demand it -- then Falcon may respond. I think if they actually did a social media marketing program -- we could even get the share price back up to $.47 or much higher.

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