Dear andes_bound,
"Remember that all companies now in a top position took at least five years to get there." AOL EBAY AMZN to name a few and most especially Yahoo would be surprised to hear that.
Yahoo and Amazon started in 1994, only early 1999 their market cap started to reflect the potential.
Microsoft started in 1982. Until 1990 they had a small market cap.
For the rest, see the chart.
siliconinvestor.com
Conclusion: it takes time.
Re: spending small money on coverage. I fully agree with Paul Allen, Bill Savoy and Russell. Build before you sell.
It is their job to attend shareholders, not to feed Wall Street. There have been many analyst meetings and the objectives are totally clear, if in doubt, read their annual report. Russ will have been proud when it came of the print press.
I repost your link to the Paul Allen article that is a must read for people who don't know where we are heading to:
fortune.com
In the interview with Bill Savoy, he explains how they are saving on cars and CEOïs, bundling cable assets. That is the right attitude to build up a company. Save costs.
They had enough meetings with analysts to make their message clear. Now it is production time. Windows closed until the new cars roll out.
"Most market leaders in their embryonic stages do not quibble about minor costs of business that will be recouped many times over in the future."
Most companies do not pass the embryonic stage, because they don't manage minor costs. Many companies are build out of dreams, less than 0,1% becomes a market leader.
"Give this lad the time to grow and become a man, before making him fully accountable." The English would say.
Just my views from the other side of the Andes,
Pareto |
