Mike: SFE is particularly interesting in the contest of Geoff Moore's evolving thoughts.
As of now it is a disaster stock price performance, if bought, as I did, at a much higher price many moons ago.
What to do as a practical matter.
Since I have found in the past in my own individual case (such a Cisco in the early 90's) that the greater mistake is to sell when the stock price is in distress, I am holding and watching carefully.
Is this wise? Hard to know. But I think there is a germ of an idea in Geoff Moore's latest thinking, and if so, perhaps over the next 3,5 or 10 years owning the earliest and most seasoned "incubator/nurturer" for B2B may pay off.
Or it may not. Given the size of my investment, originally small and now smaller, my choice is to wait and watch.
On the substance, the original reasons for the purchase are in place, but the currency SFE uses to buy into its companies is severely depreciated. That is a major difference. Does that mean sell now? For me no, for others, probably so.
Again, I rely on my own experience, and that tends to tilt in the direction of when given a miserable current stock price situation such as is the case with SFE, check the fudamentals and act accordingly.
So I hold for now.
PS. Since I have tried to keep my "bargain" with Eric L and not comment on Qualcomm here until some of the smoke blows away and/or the fog lifts, I would appreciate your thoughts - unless you wish to wait for more clarity also. |
