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OT: Who's Changed Their Mind on Stock Ticker RICK?

Dougster

Back a few years ago when this stock ticker was around $8.5 everyone on TUSCL was very negative about this stock, thinking it was sure to go bankrupt. RickyBoy and txtittyfan were pounding the table particularly hard regarding that belief. Actually I should say everyone was very negative except one person. And that one person was me. So how did the stock do with all of TUSCL on one side and just me on the other? Naturally it has behaved quite well since then, and closed yesterday at $12.21.

Now many things have changed for the ticker since the mid $8's. Most importantly in my view is that the management seems to have matured as evidence by these facts:

- got rid of their private planes
- are busy refinancing down debt as opposed to growth at all costs
- got the stripper as employees vs. independent contractors lawsuit behind them

http://www.prnewswire.com/news-releases/…

And yesterday, they also got the pole tax lawsuit behind them, with a settlement much more favorable than they had mark their books for (lower cost of settlement and stretched over seven years). These are some of the things everyone on here was screaming about in the first place. But I think the key mistakes in the thinking of the skeptics was that they were very shrewd to see these problems and then, on top of that the belief that nothing would ever be done about them. My view, by contrast, was that the problems were pretty obvious but also fixable, as many now have been, and as the trajectory points others will be going. Pays to be an optimist - let that be a general lesson to all y'all.

So who here will admit they were wrong? And by contrast, who won't and will just entrench themselves in wrong beliefs and tell themselves "yeah, but one day!"

RickyBoy?
JamesSTD?