Lombardi Publishing Profit Taker PROFIT TAKER SCAM: NO REFUND EVER GIVEN, DESPITE REPEATED PROMISES, Internet

I have been subscribing to various Lombardi Publications since the late 90’s.  Although some of their claims are grandiose I have found that over the long haul the stock picks are good.  I had increased my portfolio by 400% over the past 10 years following their advice. Granted the majority of the gains were NOT in the last two years.    I too had subscribed to Profit Taker and did find its format to be somewhat long winded (12 pages of various quotes and commentary on the week’s happenings on the market) and at the end of this there would be a list of 50 or so stocks that were in the portfolio.  It would show the stock symbol, current price, the return +/-, date it was purchased and the cost.   This newsletter does not guide you through what to buy and when.  It is up to you to track the stocks in the portfolio and decide which to buy or not.  If you are hoping to just cherry pick a few stocks and make money that is unlikely to happen.  If you buy a broad range of stocks based on the model portfolio it will generally go up.   My observations are that due to its weekly format some of the penny stocks would already “make their move” before you would start tracking.   I did make approx. 30% using this newsletter cherry picking a few stocks, however after one year I did cancel as I did not have the capital to cover the bulk of the portfolio picks.   I would agree that they are not the easiest company to contact.  However, I did get my refund in full with no issues within 30 days.   I also still subscribe to some of their other newsletters more suited to my investment style.

After filing the report, I informed the company.  They refunded me, in full, a few days later. I would have much rather not gone through this whole ordeal, but they did give the money back in the end.

Customer purchased product on February 18, 2010 and requested cancellation of product on April 1 2010.Customer's credit card refund was submitted on May 3 2010, adhering to our 30 day refund policy.

Customer was refunded the full amount, even though we were only required to give a pro-rated refund. We've been in business  since 1986 and have served over 1.4 million customers and have earned an 'A' rating with the Better Business Bureau. We pride ourselves on excellent customer service and try our best for our customers.