watch lt

although we've seen this kind of thing go down or go bankrupt again and again, we have, I think, also seen it produce very rapid appreciation. i like it that the second, lower shelf echoes the earlier one but is narrower or more compact. i like it that it's a second shelf. non-revenue-producing company with modest looking losses, but a chunk of cash and almost no liabilities ... p/b is 1. hmm. maybe i'll move it to the watch list because, really, it should jump up 1.5x and then make another shelf. done.
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