|
Yes. I am at home. But, I believe, for the first time in my 40 year professional-investment career, that the price action of INTA's publicly traded equity shares are not relevant to its value or, more importantly, its future prospects. Why? INTA has spent -- 13 million US dollars -- during a period of time when its publicly traded stock has dropped from 14 to 3+. They could have given us, its shareholders, the money as a dividend. Not really, since INTA has no profits, this would be illegal. They (INTA's management) are right to execute its business plan, acquiring prospective incubatees while the market is down, both the equity market and the IPO, since they are using cash (mostly) rather than their shares. So, actually, the current (temporarily) depressed price of INTA's shares, and just about everything else, is a plus. Only future events make the present ones understandable. |
