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What's a Realistic Retirement Age?In the "high-risk, high-return" Aggressive Growth portfolio of his FindProfit advisory, Bill Martin (the original founder of the Raging Bull online investor community) offers "swing for the fences" ideas. Now, he is adding to his position in Global Crossing (NASDAQ: GLBC).
He notes that with the shares off 25% from their recent highs, he is going to "step up and boost our position." He states that while the firm's first quarter results were disappointing --driven by delays in closing an acquisition and higher-than-expected costs -- he believes that Wall Street has been too quick to give up.
Martin explains, "In our view, GLBC remains exceptionally well positioned to benefit from the rising demand for bandwidth (see Ciena's conference call from this morning), as well as the consolidation opportunities in the industry."
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