Hey man, you're right. Forget about the emotion, which is hard, and look at the facts. The problem is that it's hard to know the facts. There is the story of what has occurred, this we all know. It's quite upsetting. Then, there are the fundamentals of the stock, which, other than large revenues and revenue growth, are a bit sketchy. The question is, is there a story behind the story. What is really going on here? Who was buying on Friday to support the price? Why were they buying? If we just look at the story, and that's all there is, then we're in for a bit of trouble tomorrow and for a long period of time, while all the companies are integrated. Capital sources will be a problem. I'm not saying it can't be done, but it will be long and difficult. It's one thing to build a company, it's another to run it. There is a lot of potential here, and I had been betting on management to realize it.
But I would like to know the story behind the story. I doubt we're going to find it out, though.
JBK |
