Brian, what made it really hard to bail is that CREAF makes excellent products and runs a tight ship.
My experience with PAIR, the leader in xDSL products, reminded me that being first, having the best products, money in the bank, and running a profitable business are not enough for Wall Street. Revenue growth, margin growth, earnings growth, and the ability to recognize and capture the core market opportunity is what makes a successful company produce a successful investment. Compaq makes excellent PCs, but DELL hit the market bullseye. Compare the stocks. Barnes & Noble (BKS) makes money; Amazon doesn't. Compare the stocks. UTI earns .77 and has a market cap of 133M; Yahoo loses .18 and has a 39B market cap. Go figure. Yahoo could look good by buying up a bunch of UTI's to get the earnings! They'd call it, OILDRILLING.COM.
This experience has been a good one; costly, but good. Moving out of losers will be much easier in the future. |
