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Re: IR post on NN website      2-Nov-09 11:52 pm    
Well if someone starts bashing you, I'll stand with you. As long as you let me agree with what I can and post otherwise on the rest.

Your opinion is well thought out and you stated that it is your opinion and you should be able to state what you think. You have the right to be as right or wrong as I do so go for it.

But in every communication we offer the opportunity for solid conversation if we do not just start hammering into each other. I know I have hammered into the garbage posters in the past and will continue. But when a person offers an opinion that is well stated and thought out, we are offered a chance to think and to talk it over.

I agree most if not all of the employees who where released expected that it would not be permanent. Who would? The company had been doing great with production and demand was high. They hired many talented hardworking people to run the processes. Then for no reason of management or employee the business orders left and many were let go. They did ont leave because they were doing poorly but because of hard times. I believe they expected to be back.

400-500 folks are gone and there is no current plan to hire them back unless demand takes a very major upward turn. We agree on the employee's leaving with expectations to return and that not happening, is without question.

The History of acquisition and integration success is also a history of my buying opportunities with NN. Three of the past four purchases I have made were when I bought in knowing that the company will take at least one quarter of charges and the numbers will look bad because of an acquisition . I know that the road has been rough after an acquisition and I have made money on all three that I have piled on to.

I had wondered if what was really being said here was that they hope they finally have it right after taking wrong turns so many times in the past. But still every time the have bought it has paid off in the mid to long run. Not a bad deal for the investor if they are watching.

The difference I think we have is the current value of the stock. Again I will say it will depend on the CC and what is the current trend for orders etc. We will know more in a few days. If good we see a higher price. If not we stay in the 4-5.50 range for a while.

But remember I am long and not in for a trade. The shares I bought at 1.35 and 1.77 sure look sweet even if this hovers at four/five for a while longer. I will discuss history of pps later.

But do not expect a hammering from this part of the board. Keep thinking and post what comes. It is very healthy for all of us. Besides, if this is going to stay one of the better boards on Yahoo we need to be honest open and fair in our evaluations.

Keep it up.

Livin...


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Re: IR post on NN website
livin_n_the... (1 Rating) 2-Nov-09 11:52 pm  
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NN Inc. (NNBR)

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