God bless and best wishes to everyone. Jason, I congratulate you on your perspicacity in foreseeing Winstar's fall from grace. You are undoubtedly correct that some risk-averse investors have decided to either get to the sidelines or seek the relative "safety" of hard earnings. It is surely true that less-informed and less financially sophisticated investors have more difficulty assessing and understanding the enterprise value of a wireless clec. That will be true for a while. And, some will not join us until we post real profits. That is precisely why we have so much upside potential.
You bears do well in bear markets. If you've been a bear for a significant period, I'm sorry for what has preceded these good days for you.
I daresay, look at AOL. The stock was soaring well over 100. A few quarters ago, it was much lower, in part because it had no earnings. Those who correctly percieved it's huge revenue potential and its growth prospered. Others did not do so well.
This is not a zero sum game, as you well know. You can do well, as can others. It may be appropriate for each of us to appreciate the risks we have accepted in winstar. However, I'm not sure this is an appropriate time to be telling investors "I told you so, aren't I wonderful". There is no way to build a new and extremely successful phone company without losing money for an extended period. The business is capital intensive. By contrast, what other ways are there to get to $1billion in revenue as fast--and that is where we're on target to be in 2 years. Godspeed, for the winds of these days will fill your sails.
BTW, I've jumped from perfectly fine aircraft at 14,000 , free falling to 5,000. There is fear and adrenalin involved, but I'm the better for it. I decline to believe that winstar goes to zero; the worst is likely behind us, the fed may ease rates. Crazy Horse's warcry is ""HOOKA HAY!" What a great day to die!!! Congratulations on your shorts, I'll see you in 2000; hopefully, we'll both be healthy and wealthy, fulfilled and loved.... |
