Thomas,
Most people on this thread are aware of the RISKS in investing in this stock. But, boy, this company has come a long way in the last couple of years.
$1 million in revenue to over $10 million? Fortune magazine exposure (who cares if it was paid for or not!), CNBC exposure, Nightly Business Report mentions (twice in a week), top performing AMEX stock on 9/16. This company has a lot going for it! I'm in heaven with all the positive exposure FCM has gotten the last couple of weeks. Any good marketing person knows that you've got to get known in the marketplace, and THAT is happening NOW.
Thomas, if this company announces a major contract, a major partnership, or increases revenues another 672%, will you have anything good to say? When this company's stock is at $20/share in 12 months, will you have anything good to say? If FCM announces it is getting acquired by a MAJOR telcom company, what will be the downside in your opinion? Will you EVER have anything good to say?
You ever notice that companies like Amazon keep losing TONS of money, and yet they are Wall Street darlings and their stock prices continue to go UP? What do you think of these companies? What do you think of Clarent (check out how much $$ they lost last quarter/year, and compare it to FCM)? I followed go2net for awhile. Do you realize they have LESS revenue than FCM ($4.8 million in 1998), were losing TONS of money, yet their stock price went from under $10/share to $199/share back in the spring?
A year ago posters like Valuespec talked over and over again about how FCM was going to go out of business. They were burning cash and would only survive a few more months. Intrine, intrine, intrine, is all we heard about. Well, the company is still there, and seems to be thriving. Maybe 76% of revenue is from one customer (THIS YEAR), but hey, you've got to get that first customer to give yourself credibility. Noone wants to be the guinea pig. Now FCM has that first customer, it has built the network, it has proven the technology, and finally (and MOST IMPORTANTLY at this point) it is GETTING NOTICED). Two straight quarters of $4.2 million is nothing to sneeze at. I for one, think that bigger things are to come.
No longer is Franklin a tiny bulletin board stock that noone has ever heard of. It is AMEX listed (I would prefer NASDAQ), has a REAL product, REAL customers, and REAL revenues. Still a tiny company, in the grand scheme, but growing in an industry that will explode.
Maybe you are right Tony, maybe FCM will flounder and fail. Maybe they will never "make it". But you've got to admit, they have come a LONG way, so far. But you don't want to give them ANY credit, do you?
I, like other longs on this board, would like to see it "happen" for FCM right now. But I've been buying for over three years now, I am comfortable with my investment, and will patiently hold for what used to be referred to here as "the big kahuna".
It's only a matter of time, IMHO.
Go FCM!
OB |
