Ahhaha:
The theory of having 100% customer satisfaction resulting in wide-spread word of mouth growth is a great fantasy. Unfortunately, this ain't Fantasyland. ATHM's reality is that, even at its drastically reduced share price, it still has a market cap of $6+ billion. How can it justify even that market cap by adding 350,000 - 400,000 subs per quarter? It can't (it sure won't be via results at Excite or MatChLogic). Even when new markets come on-line, the ramp up rate will never be exponential as Wall St. requires.
I suppose that, eventually, with your business plan of slow, steady, 100% satisfied growth the company would limp to critical mass (assuming a superior (or inferior) technology didn't leap-frog them) at some point; then e-commerce and the revenues that go along with critical mass will appear. Unfortunately, that would be years off.
It's really just a matter of time. Eventually, @Home will hit 5, 10 and 20 million. I would prefer to see that sooner rather than later. You seemingly don't. I guess you didn't mind losing your funds riding ATHM down to this level; why not wait years to get it back.
Your theories are great (to some); your real-life results are unimpressive. I'd rather be a clown with money than an professorial intellectual wanna-be watching his money circle the drain. Keep watching that "positive money flows" resulting in "accumulations" as ATHM sinks (that's reality).
Have fun snipping clauses of this post and making it seem incoherant. |
