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| | | Behind the Scenes
I blew it and I am really sorry. Look, if I'm going to get up and crow when I make good stock picks, I better be able to man up and admit mistakes. It's only fair, right? Hopefully that attitude garners your respect and attention and you will continue to return to "the Junction" and read our daily blogs.
Anyway, what I am apologizing for today is not for a stock pick that went awry. Instead, it is the fact that I became uncharacteristically cautious and switched the order of some of the stocks we have featured on these pages. It's not as if what we introduced was such a travesty. I hate being wrong. Frankly, I feel like a schmuck because we could have been heroes for you.
To make up for it, I am going to give you an insider's view of what happened not just with these situations but with how we are approaching our future recommendations. This type of intel could prove to be invaluable down the road.
Do Name Changes Work?
Investors rarely take information at face value. Generally speaking, we are all somewhat jaded. When a company is having difficulty and then dramatically switches gears with its business model and business plan, it usually calls for the waving of a yellow flag. If a management team elects to acquire another company in an effort to boost its standing while the current business is in a temporary downturn, it typically works out in the end, even if it takes a while.
But what about name changes? Brands are valuable assets and company names are a key component of that brand. As a result, company name changes do not occur every day. Following a purchase or a series of purchases, a management team may elect to gravitate to the best-known brand in the group, create an amalgamation of names or derive a new name altogether.
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| | | Disclaimer & Important Information
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