Snowshoe,
in all fairness, you have made money if you invested in WIND during the early years with an adjusted basis in the single digits. In the last couple of years, unless you are one super market timer, it is most likely that you have made nothing and might even have lost money in WIND.
Stocks like WIND started as a concept, then it became a "story" stock. A story can only last for so long before it moves into the "show me" stage.
This is where WIND has failed miserably. With the promises of monopolizing the embedded world, the company has shown us nothing. While 30% growth targets are lofty for the old techs like IBM, story stocks need to have a period of hyper growth in order to reach maturity.
Allow me to point out some specific areas where reality did not meet expectations:
I2O - how long have we been talking about I2O? How many times can we say next qtr, next qtr, next qtr .....
TMS - this came out as the better than sliced bread. Show me the money!!!!
WRN - wow, internet backbone. It looks like the real internet backbone companies such as CSCO has no problem growing at 60% topline, up over $2 BILLION year to year. Where is WIND's piece of the pie?
I am still a WIND investor and I am still a believer in the embedded story. I listened to all the conference calls, regarding the re-org, regarding the new transparency ..... I am also an investor who hates surprises, be it positive or negative. May be it is just me. Let me ask the many long term WIND investors on the thread - do you think WIND is more transparent today than last year?
Sorry to sound so negative but I am running out of patience. If I enjoy listening to promises with unknown results, I can just watch c-span all day.
Ramsey |
