phone call from umc, page-15

macca,

"What has happened would have to be the worst case scenario for long term holders."

to put it into perspective for this long term holder...

i made some money on UMC.
in the past i have held a few dogs where i made sum heavy losses relative to the investment.

i now consider UMC the biggest dog i've ever held.
and its all because of, imo, the incompetence of the management team.

opportunity cost, and those clowns cost us alot!!!

they say its better to have an average asset and great management than a great asset and average management.
i present exhibit A in the affirmative - UMC

and to further highlight the IO run these clowns have denied us, FMS market cap is $280m, almost 50% premium to UMC.