Mr. Gardner, for someone so dismayed with SFNB as an investment vehicle, and I assume you have not purchased any SFNB shares, you sure spend a lot of time mulling over its imminent failure and seem dedicated to that pursuit. In your bleak outlook, any positive statement made towards Internet banking is considered "glorious praise." I assume that when a figure of speech is used such as "await with bated breath" your bells rang saying, aha, an indication that could only mean love? Is that how your financial research is also based on -- inference?
Sometimes in their dismal observation of cash flow, income and profit statements, recurring revenues, etc., number crunchers lose sight of the big picture and get rigid in their investment decisions. They start throwing clich‚ words and challenge you to show your financial acumen about the company. They end up missing the ride up in their efforts to appear informed.
They do not realize that the stock market is not controlled by a CEO, does not submit financial statements, and does not operate like a business. In the end, most investors base their buying and selling decisions on emotional gut feeling anyway. A good story can sway them better than a balance sheet.
Now, back to the meat at hand. I profess that I do not know the day to day cash flow and minutiae detail of the inner workings of SFNB's inept management (according to your analyses). What I do know is that making information as convenient and readily accessible can ensure success with the informed -- they are the usually the ones with the money -- and can also ensure success for the company involved. SFNB seems to be making strides in that direction. I have not been convinced otherwise.
Enough said. |
