HMMM. Look at it this way. I'm sorry, I do have to refer to AOL.
The folks that first got into it probably did so on a hunch it may turn into something. It started out gaining customers, but no profit.
Many sold out (ME!!!!!!!!!!!!!!!!!!), but those that stayed in did so, on a "well, its growing, and I'll just stay the course and see where this rambunctious CEO takes it". Thats where we are on FNTN. Endless conjecture on possible revenues, etc., may be fun for some, but it is based on very little, because we have no idea where this company can take the intranet. We have no idea who may be helping the company develop. We have no road map. We do know that the internet/intranet is an infant, and we are just seeing the start of what some are calling the new economy. The possibities are endless, and as we have said, and this includes the "success (luck)" of Warren Buffet, that the great increases in a company come from the unknowns.
Coke did not reach its heights with the drink alone. It was from some very smart acquisitions of the CEO. Warren Buffet tells people to look at the management, and if you like them and like the initial idea, get into it and hold on. Its the vision of the management that will make this thing fly. Not graphing out possible cusotmers and
costs, and dividing that by the number of shares to get to a good share price to sell out. Thats where people have gone wrong. PUtting a price to sell at. Many here have volunteered (ME!!!!!!!!!) their horrendous mistakes of selling out of a company for no apprent reason except they "felt the stock price was high enough". They didn't count on the "future unknowns" thta would take the price many mutiples from where they sold. There are no fundamentals. YOu have a basic concept, and you have knowledge that the intranet is exploding into all new areas, and you can see FNTN has a unique idea, with some good people behind it. What more is there at this time. Yes, its a gamble. But no matter what stock you buy, it is a gamble. Just a few short years ago, Big Blue was going into the toilet until mr. Kerstner? stepped in. |
