Charles, David, and all;
I don't know where this conversation started but it must have originated in the confines of someone's rectum, as it sure has a stench about it.
If anyone, anyone, feels they bought FTEL for the ownership of FNET, then why would they expect to be rewarded when in fact that price has never been reflected in the stock.
In other words, look at it from a different perspective. Assume there is no leverage, nada, zilch. What is Franklin worth as a hardware mfg?
What is Franklin's prospects strictly supplying FNET hardware? If Fnet is successful, is Franklin? I think so.
That Frank has chosen to staff FNET and spin it off is the best news we could have. FRanklin is hardware, Frank is a hardware guy, an engineer by trade,period. Fnet is a service company, period. And never the twain shall meet.
They have different goals, different clients, and a totally different marketing approach. They will be run as separate companies, with separate management, period.
If any of the shareholders of Franklin get a piece of FNET, then that is just frosting on the cake, after all you have never had to pay for it in the valuation of FTEL shares. Have you?
The last time I looked, you still get what you pay for.
rb |
