Sorry to be the kill-joy. I believe that Fleckenstin's comments as to FONAR indicates a problem, not a blessing. Seem to me that FONAR's future lies in its ability to create machines that win over a market and its share in the great potential for income that this business seems to offer. But instead, we gloat in how clever FONAR is to obtain patents and to sue anyone that uses a machine. While I too believe in the patent system, I believe that it is nothing more than a protection for an existing business, not a business in itself. If Fleckenstin's calculations that 50% of FONAR's present value is GE money, it means to me that FONAR hasn't been doing what its suppose to be doing: making machines, selling them and taking over market share.
Given his analysis, and the continuing eroding value that the market places on FONAR, it seems to me that management is actually ignoring the primary purpose of FONAR and by doing so is lowering the price of each share, soon to the price of a cheap cup of coffee at the corner coffee shop...(and not even a local Starbucks).
It is my view that unless management gets this ship back on course, by an agressive return to what FONAR is suppose to be doing, in a year of continued lack of real management and fat-cat contentment on GE money and other court awards, each share might be less than the cost of paper cup used for that coffee...instead of the $20/share that Fleckenstein seems to indicate that FONAR should be.
That's my analysis, folks. Sorry to rock your comfort boat.
Joe |
