Re: First good idea
 

DFC?

Re: First good idea
 

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DFC?

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Nope, but I didn't buy as much DFC as I would have liked. I might still consider buying more if I wasn't fully invested elsewhere.

Re: First good idea
 

Is it a residential construction stock? We had this conversation a while ago and everyone seemed to think the housing market was too unpredictable and in for more correction.

Re: First good idea
 

SM,

I remember reading Buffetology years ago, and she explains
some of the reasons why it is very important to know about
the company and what they do, yet what I don't remember is
exactly what one would look for when visiting a company.

Could you give me an idea of what you guys will be looking for when visiting this company and why it is important to
actually visit the company to find these things out?

Thanks much.

Re: First good idea
 

Wiseheart:

You certainly can invest without visiting a company (in fact that is the significant majority of my portfolio). Visiting a company gives a number of benefits in practice -- depending on the situation it may yield any of the following (not in any order):

1) Better relationship with management going forward - quicker returns of phone calls and deeper disclosure (can be subtle) on sensitive issues

2) Proverbial "looking management in the eye". I have taken courses by former CIA spooks in detecting deception and half of what you are looking for is physical in nature. I can detect deception (very important in the stock business) significantly more effectively in person.

3) Visiting the main operations of a company can give you some feel for how tightly its run, whether people are there late on a Friday, how new or old the plant and equipment is, etc. Some people hate to invest in company's where the CEO has built himself a shrine of an HQ for instance.

4) You get a deeper exposure to management...whereas on a phone call with management I feel its rude to go significantly past an hour, you can get mutliple meetings that last longer than this (CFO, CEO, IR, head of sales) depending on the situation.

Re: First good idea
 

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2) Proverbial "looking management in the eye". I have taken courses by former CIA spooks in detecting deception and half of what you are looking for is physical in nature. I can detect deception (very important in the stock business) significantly more effectively in person.


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jeebus.

more on this please!!!

note to self: do not play HU poker w/ SM.

Barron

Re: First good idea
 

hey scorpion, wanna do a quick thread on what to look for in terms of body language and stuff?

Re: First good idea
 

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hey scorpion, wanna do a quick thread on what to look for in terms of body language and stuff?

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Re: First good idea
 

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hey scorpion, wanna do a quick thread on what to look for in terms of body language and stuff?

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oy...i am so pathetic to spend time explaining this stuff. I would consider doing a VERY brief discussion. But really its not much of a discussion...it would be me regurgitating what I learned.

This is the organization:

http://www.biadvisors.com/

Re: First good idea
 

alright, I have permission to post the ticker. We are all full. Ticker is dsup.

Krishan