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Rivkin on ERG, Bonkers

  1. 400 Posts.
    Bonkers, I went and listened to Rivkin speak last night and he mentioned ERG. (I must say it was higly entertaining and informative and I would recommended everyone go to one of his seminars)

    He said he wouldn't touch it (in fact he had shorted it a couple of times including when they jumped up a couple of days ago) because he believes they have the potential to go to zero. He was making the point that why would anyone buy a stock that has the potential to go to zero? He said it was a complete gamble whether you made money on it and if you wanted to gamble you were beter off going to the casino as at the casino you got an instant result as you knew straight away whether you had been lucky or not.

    You mentioned that Rivkin said ERG had a NTA of 15c, where did you get this? I have never heard him say it and given his view on ERG I find it very hard to believe. You weren't trying to ramp ERG were you? lol.
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