It will be interesting to see how long it takes for B2B to get profitable. I think 2 quarters is optimistic, but I hope I'm wrong.
I don't think there is any reason why zero is a lower bound on the value of the B2B business. If it was in a completely separate corporate entity, the worst case would be to shut it down, and apart from the effect this would have on confidence, reputation, etc., the dollar cost would be zero.
But it is not a separate entity. There are existing customers to whom the company has obligations. It may never become profitable. If so, it might have a negative value. I don't think the worst case is that somebody buys it for a low price, since it may be unsaleable.
Anyhow, on the bright side, that Siemens announcement and the RTEE announcement certainly gave the stock price a good boost, didn't they? |
