...nitwit investors look only as far ahead as the next quarter...
Ay, there's the rub.
Del has repeatedly stated that his strategy has six to eight quarters to run. He has opted for the long term view, deliberately preventing the whims of short term investors from influencing his decisions.
The business choices he faces are accurately reflected on this thread. Should he acquire the means (products, skills) to build a company that will be around in its own right in ten, fifteen years' time, or should he "milk the cow", i.e. narrow the product base, slim the expenses to "core business" only, then sell the remnants after a year or two of fiscal window dressing?
Like it or not, he has chosen option #1. There are now two choices: buy his vision, trust his judgement and sweat it out over the long haul... or treat the stock price as a number on a chart, and trade on the shortsightedness and herd mentality of others.
david |
