Miller,
I think you are too caught up with market share and are imagining problems that may never happen. ABTX should only grow so large and powerful as to have regulatory problems. Imagine for a moment that you were back in the mid to late 1980's and you were voicing these same concerns about Microsoft. You might have been telling everyone to think about all the problems MSFT would have if MS-DOS became too big...what would the gov't do if they contolled 70, or 80, or 90% of computer OS's in the US, let alone the whole world? And my God, you might have also worried and asked, "what could they possibly do next to top that?" If you had been as worried about MSFT market share problems back then, as you seem to be about ABTX today, AND, had managed to hold your MSFT shares in spite of your thoughts, then today you could be worrying yourself everyday to the bank with your huge fortune. I certainly don't expect ABTX to be as successful as MSFT, and I certainly don't see the growth potential of ABTX as posing a problem that will have a negative impact on share price appreciation.
Management is so sharp and so focussed, that they will take the company exactly where they want it to be. One of the most important things I came away with from the Dain presentation was the fact that Dr. Johnny Thomas has a vision, and a plan, along with the intelligence and the drive, to make ABTX into a powerhouse and a formidable player in the forage and turf niche, that he is so adroitly carving out.
Ponder this, Mr Miller...worry is a wasted emotion. You can act and react to an event, but to worry? In 4,5,6 years or more, if ABTX even has a regulatory problem, then you can react by either selling out at 20x to 50x(or more) your original investment, or perhaps, the event presents you with an additional buying opportunity.
I will continue this in a later reply.
regards for now,
glen |
