Arbnie: You said the right thing, and I, for one, agree with most.
Every business wants a backlog, every business wants to operating at or near 100% capacity, every business wants to be so successful that it cannot hire enough people, but, not every business lets itself outgrow it's ability to succeed.
I'm a dumb accountant, I deal with some real dumb people that own their own successful businesses, beats me as to how they succeed. But, even the dumbest of all of us knows that when you open the door for business you should be ready to do business. If you don't plan on being successful and have your invoices printed, your cash registers working, your bookkeeping system on line, your sales people ready, your working capital secure, your advertising in place, and the doors open, you ain't goin to do business.
I writing this stuff because I'm angry, anyone knows better as to how to run a business. Yes I'm second guessing their decisions, but If they're smarter, the management certainly isn't showing it. They should know better, rapid expansion and excessive borrowing kills a business. We all read the business sections of various papers ...."Successful business expands to rapidly, goes bust", or is acquired for peanuts.
I don't feel negative about Nextel's potential, their product, just the stock value right now. I hate when a plan is screwed up. We had the company wired, the cash flow projected, the value substantiated, our investment was growing. Now, we're up in the air or should I say dog paddleing.
Al
over and out |
