Good point, some do make money. These three i hold do - quote.yahoo.com
Pinetree and Bridges.com both quite healthy and building, Jordex while in a transition period has a negative burn rate, G&A less than interest revenue, as long as they don't take a hit in Cdn$ terms because they hold their cash in US$. Two VC/incubators and a B2S [business to schools-g-], all in the black.
But that's not what drives them, the earnings. What drives them is the expectation of increased earnings in the future. As the future marches toward us the realisation of that expectation produces cash, but at the same time limits the dream by putting a finite number to the fantasy. Also, stories get old, people get bored with them. An example among those three is bridges.com, with a building revenue flow from school districts all over NA. Great service, well-managed, and they will continue to increase earnings imho, but i think by fulfilling their promise to the extent they have the market views them as having limited potential for growth. They need a new story, a dream without apparent limits. I'm actually out of that one temporarily for that reason, and the cash did not go to outfits with consistently rising earnings, it went to speculations like the other two.
The grave's the place to rest, give me the blue sky every time. |
