I look at it this way. While it is surely best to have some sort of monopoly position in the market place (patent protection, a brilliant scientist in your lab, a key retail location, a long term exclusive contract, etc.), there are many, many successful companies who are successful simply by building on what others are doing (doing it better, doing it in a different geographic area, doing it with different bells and whistles, or doing it less expensively). There can be room for many companies, and each can/might do very well.
Shucks, how many very profitable computer companies are there? Even Apple returned to the black recently!
All AVAL has to do is succeed in a few, well chosen market segments in order for investors to do quite well. But, then, that is the question. Can they in fact do that? I've been waiting a loooong time now. George E. |
