Baystar's reputation at stake?
Message ID: 126694
Posted By: walterbyrd
Posted On: 2004-04-23 12:45:00
Subject: baystar's reputation at stake?
Recs: 2
I don't know how this stuff works, but it seems to me the baystar's biggest concern would be to have big customers lose faith in baystar's judgement. When a company that drops $20 million into an obvious scam, do you want that company managing your money?
The money itself may be no big deal, since even in the worst case, baystar will probably only lose about half. And, let's face, everybody makes a mistake now and then. I'm sure scox is tiny part of baystar's portfolio.
But when baystar buys into an obvious stock scam, big customers, and potential big customers have to wonder about baystar's degree of research, and maybe even baystar's honesty.
Isn't there a saying that "reputation is virginity - once it's gone you can't get it back."
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Posted By: walterbyrd
Posted On: 2004-04-23 12:45:00
Subject: baystar's reputation at stake?
Recs: 2
I don't know how this stuff works, but it seems to me the baystar's biggest concern would be to have big customers lose faith in baystar's judgement. When a company that drops $20 million into an obvious scam, do you want that company managing your money?
The money itself may be no big deal, since even in the worst case, baystar will probably only lose about half. And, let's face, everybody makes a mistake now and then. I'm sure scox is tiny part of baystar's portfolio.
But when baystar buys into an obvious stock scam, big customers, and potential big customers have to wonder about baystar's degree of research, and maybe even baystar's honesty.
Isn't there a saying that "reputation is virginity - once it's gone you can't get it back."
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "walterbyrd"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------