Sid, while I agree that a stock's price can effect the flow of capital,
to some degree, it is far from the determining factor. After all, stock
debt by a company is but one of many options for raising cash. Raising
cash through stock offerings that dilute existing sharholders' positions
and share of the company is generally not a good thing for existing
shareholders. (unless of course it goes directly and completely into
debt reduction or immediate income generation).
By the same token, start up companies require such dilution in order to
potentially recoup it in the future. SOLV may be lots of things, good or
bad, but it is hardly, at this point, a true start up company. 16+ years with
no return on any capital invested over that time, in my opinion, puts it in a
very unique catagory. Of course, all of the debate here is whether that
uniqueness is good or bad.
I laughed loudly at your morality analysis. Obviously, however, others here
did not take it as tounge-in-cheeck. Can't please everybody. It is amazing
how unwound some strings get when they are jerked.
Personally, when I invest MY money, the only society I am concerned about is
the group that lives under my roof. If, as some others may suggest, that
makes me socially immoral, then so be it.
Have a good weekend.
Just my thoughts.....
Troy McKinney |
