Denny,
Thanks for the reply. I’m not sure I would give much credence to whatever happened at almost any company 16 years ago. Current CEO has been driving the ship for 9 years, so there’s an argument to look back that far. But even though we only have history to go on, investing is a matter of looking ahead, so I generally don’t give a lot of weight to anything older than 3 or 4 years.
It might be an interesting exercise to look at similar charts for all my investments, I’m not sure it would tell me anything I could use in making a buy/sell decision. Is this a normal part of your analysis routine? If so, what weight do you give a chart that looks like this? Is it an automatic dis-qualifier?