Interesting reading on the WOW thread. Fear is a powerful force,...

Interesting reading on the WOW thread. Fear is a powerful force, especially when top organisations are targeted.

Jeremy Grantham, the most bear of them all - although he is a smart value investor summed it up perfectly:

"Be aware that the market does not turn when it sees light at the end of the tunnel. It turns when all looks black, but just a subtle shade less black than the day before."

Owning good business not on leverage is the ultimate goal in any environment. Those that are concerned in owning WOW are those who have significant leveraged on it (a no no, even in extremely well run businesses) and day traders who need that income on that guess of position.
Ultimately, the business has never been better - a 10% increase in profits is not *bad*[regardless of analyst commentary], so being fearful about the price of the stock falling - one should not.
The same goes for any other well run business. There are a few out there, one poster mentioned SHL, a well run business, although I was late to the party on this one - the stock has been hammered 30% since its profit rise report and outstanding future...unlike profit falls like most S&P listed companies. These are the companies one should look for, rather than the piece of stock looking to pass the parcel on.