Re: Doyle Brunson attempting to buy WPT
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So what exactly does the WPT represent....I generally stay away from stocks that do not have anything tangible behind them.
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That was my first thought too - do they have any patents or exclusive rights to anything (aside from their own footage, of course)? If not, then this company is a very precarious holding, at best. No patents, no exclusive rights, no innovative techniques really (at least nothing that isn't trivial for a competitor to accomplish) - it seems to me that all the value their stock has is based solely on the fact that theyre atop the heap for the moment, and that doesn't seem like a very good reason for investing in a company (Iomega was atop the heap for a moment once, too).
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