<<...it's hard to have much faith, much less invest based upon it.>>
As always beauty is in the eyes of the beholder. If one were to focus on the period of Richard's return, FSTW would resemble the Phoenix, up from the ashes.
The company climbed out of the throes of an under a dollar stock with no earnings, declining revenue and disturbing debt, to $8.40 and .94 net for the trailing 12, cash in the bank and, preferred aside, no debt.
Admittedly, there is more ground to cover. If it were not so, there would be little point to the discussion. I find much heart in the fact that, despite his recent selling, Richard's virtual net worth is tied up in this company. That in itself would mean little were it not for the fact that he has a great product, he is so excited about it, and, most importantly, probably understands the space in which he works better than anybody else in the world.
I would caveat all this by saying that if you don't believe he can keep the growth going then you should get out now. Those of us who do will hang in there to see what else Richard has up his sleeves. |
