Dustin T

I'm holding, the price had gotten a little high too fast and it's just back down to a more reasonable valuation. I would bet share buybacks would give it a floor around 225-250. Adam may be a disgruntled employee, when I read through the glassdoor reviews it was a healthy mix of engineers who loved the power and responsibility they were given to do unfettered engineering and those that felt that expectations were too high. I would guess Adam was one of the latter.

Excellent stuff, and I appreciate you keeping this on my radar I finally bought a couple of years ago, but should have bought sooner.

I hear it's great on PC, I took a small position based on how well a good friend liked it on that platform. I thought it was supposed to be solid on next gen platforms but not so much on the last generation.

I enjoy that they've quit giving guidance, results are usually more of a surprise and either it's a big win like today or a buying opportunity. If Pera has bought back shares at $180 then it's worth north of that. I wouldn't be afraid to add shares today if it weren't already a large position for me. Nice news on the SEC investigation, wondered what came of that.

"A short history of nearly everything" by Bill Bryson. Bryson is gifted with words, no depth to this book at all but he covers nearly everything in one fun to read volume.

I would almost expect them to work together more in the future. Shipping containers are pretty standard and at the point that trucks are self driving I expect the exchange of the shipping container to the truck could also be done without an operator. This would shift more of the long haul trucking to train. I think the logistics make this a little more complicated now with the need to schedule around people. I believe the future favors rail.

I would like to clarify that the IR day was set up in advance of Andrew Left's claims and refuting Citron was not the purpose of the IR day. You can read into it what you will as to whether he should have used that forum to refute those claims, but if you read through them they were far from a well thought out case. I am certain you can make a more convincing short case than Andrew Left.

Looking at the history of the "probesreporter" tweets didn't lead me to think they had much in the way of unique knowledge. A bunch of vague innuendos about well known companies and some Trump rants. I'm long UBNT and of course I find an SEC investigation as troubling as you, but I understand only 1 in 10 SEC investigations leads to proceedings and I would assume most often they lead to penalties and fines. I'm holding and watching.

I'm holding with no intentions to sell, I would trim the position if something more attractive was available but this market doesn't have a lot of great value options. I would agree it's fairly valued though.

28.7% Biggest winner of the year IPGP, IPG Photonics disrupting the laser market one fiber laser at a time. Biggest loser DKS, Dick sporting goods wrapped up in the retail tailspin, but still growing and buying back shares.

They announced the acquisition of South Coast Surety Insurance Services after hours on November 21st it was up on heavy trading the next day and has been going up since. That seems to be the catalyst. http://www.bostonomaha.com/documents/96/28619f2601cf86941679cadbb5fbd205.pdf

I appreciate your thoughts on this Schwab, it's a good sized position for me and most of the bear cases I've seen have been essentially slinging mud trying to drive the price down. Nothing very coherent just lots of innuendo and minor criticism about board size and using words like "misunderstood" If I understand what your numbers allude to above, it's that the money they make in the U.S. and overseas doesn't seem to match up with the taxes they pay and that they are either quite aggressive in tax avoidance or are possibly engaging in tax evasion? Or are you also suggesting that some of the cash isn't there? They have been audited and granted a clean financial bill of health by two of the big four auditing firms. Does that cover the taxes being paid correctly too? I don't assume it's impossible to fool an auditor, but I'm trying to learn more about what all constitutes an audit and how far a company might have to go to fool an auditor.

I believe cash is the hardest thing to falsify both to the auditors and the bankers who have lent them money. Both the auditors and the bankers involved are large and well known, I think the cash is almost certainly real. It would take incompetence or criminal complicity on the part of to many individuals for that story to be likely.

I'd be happy to hear the thoughts or impressions of those who went to the annual meeting. I may go to the one next year in Omaha as it's a lot closer to me. Does anyone care to share their thoughts?

Assuming that questions is for me Companies. SYTE, SODI, PRDGF I've got small positions in all of them partly to keep an eye on them, partly because indications are they have at least the proper mindset and some history of investing success.