<<What does "profit" mean anyway? 99 percent of public companies never pay a dividend. In fact, if you add up all the insider options granted at Microsoft, for example, that company has NEVER TURNED A PROFIT SINCE INCEPTION.>>
Kis, let me jump in here for a minute, and let me correct you. Do you think that Msft built up all that $cash, without ever making a profit??
The companies I like can (1) not pay a dividend, but accumulate $cash, and use that cash to the best interest of their shareholders.
(2) can accumulate $cash, and choose to pay a reasonable dividend to their shareholders. Like PMC does.
Amazon.com IMHOP will never be in a position to do either. Amazon.com is a concept stock, but I prefer to have my hard earned money in Wal-Mart, Msft, or Proctor& Gamble.
The risk I run is to have too much money in old economy stocks. For that I'm prepared to take the risk, and put my speculation reserves into B2B stocks.
latimes.com |
