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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 59.91+4.0%3:59 PM EST

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To: Rocket Scientist who wrote (10946)3/18/2000 1:58:00 PM
From: tero kuittinen  Read Replies (3) of 29987
 
OK - so that's the other side of the story. I'm not sure that it's a plus if "a lot" of what the mgmt promised turns out to be true. That seems like a curious approach to holding a company accountable. I'd rather see "most" of what a company promises to actually take place... sometimes even two thirds! Maybe that's Old Economy thinking.

It's true that the project must be an immense challenge. But doesn't that mean that projections should be prudent and conservative? Rather than shooting for the moon and then slowly scaling back expectations month by month?

How do you assess what the management is saying now? Should you assume that "a lot" of what they're saying is actually true - how much would that be? 30%? 60%?

Tero
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