Hi, Emmo,
I didn't know that Peter Lynch had a parking lot indicator, but it makes a lot of sense to me. Small companies like Valence are stingy with their own information (and I'm suspicious when they aren't), and the information is usually dated and qualified in ways that make it difficult to interpret. Most of the information naturally reflects the perspective and interest of management, and balance is hard to find since there's usually little coverage by outside analysts. The upshot is the need for other clues to help focus the picture, and I'll take my clues from wherever I can get them. Parking lot counts may not be great, but at least they're current. I'm not proud -- I'm desperate!
As for the Valence employee cars, I have to say they looked a little dilapidated, but I'm no judge. I'm used to the car mix of Fairfax County, Virginia, where supposedly 1 of every 27 persons is a lawyer. I did look for fancy cars in what I took to be the executive parking area, though, and was unimpressed. I don't know whether this means the employees are poorly-paid, discouraged, or frugal. Let's hope frugal. Presumably, frugal would please Peter Lynch.
Regards, lws
PS. I still have everything crossed. I am considering sacrifices. I am thinking of nieces and nephews for now. I hope this will be enough. |
