More Thoughts At Large (Since you asked) <g>
Don,
#1. I invite the elevated technical eloquence of Joe Medsker, Brad El Groupo, Bruce Galpeer, Lou Truex, James Alton et al., to add to my below pedestrian comments. They've actually addressed this in their past posting, but as we are in a state of brightening flux with DCI I'll give you my personal thoughts and attempt to eschew sounding like a shameless, plagiaristic parrot.
IMHO
The original plan (as we all understood) was to be sold cleanly at $10 and gone by now. However, while proceeding to pick up the $10 bill I feel Mr. Murphy was interrupted by an unforeseen IXC opportunity. I'll put this in musical terms which is something I know (at least) a little about.
Now, people like Joe Murphy are visionaries that have a genuine gift of seeing the beginning, middle and end of a scenario in one flash...much as a Mozart and Bach heard the entire symphony in their heads. The actual scoring was simply a matter of physical notation. Laborious, but well worth the time so we ALL can benefit.
IMO The IXC development turned the selling of DCI at $10 into a prelude rather than a major movement. (Wavetech is an added string section.) Joe Murphy (the composer/conductor) has already heard/seen the major part of the symphony and is simply in the process of negotiation the scoring to the highest and most efficient legato (smooth) form. Joe is simply contracting with new orchestra members who are all artists in their own right. This could very well lead us to a symphonic masterpiece way above $10...which is the whole point.
Worst case scenario is that the string players run out of rosin, some of the new players are tone deaf and we end up with just a small, rhythm section of piano bass and drums that is symphonically worthy and more than capable of performing a strong $10 prelude. "Ain't" nothing wrong with a masterful prelude as Rachmoninoff showed the world in his Rhapsody. (By the way, Sergei's Rhapsody works better than Bolero on date...heh heh.>;-)
Music, painting, business etc., are all art forms. The growth of any small company can be likened to Steinbeck's Grapes of Wrath, Michelangelo's Sistine Chapel or Kubrick's painful exactitude in directing in they all took more time than expected. The consummate professional is the culmination of countless hours in the exercise of their craft. Effortless is rarely the result of no effort.
Wilde quipped that "Anything worth knowing can't be taught." After all, does one really need to know the complete technical analysis of canvas, historic methods of mixing the hues on the palette or the material of the bristle and diameter to have their breath taken away when physically viewing a Rembrandt? I think this "need to have complete technical knowledge" is fed by the impatience many have acquired through the immediacy of today's technology leading us not only past the roses...but the entire garden.
Analysis and DD are vitally important but the old left brain is (at its VERY best) only comprises half the equation. After a certain point all the charts in the world that say "yes" can instantaneously turn "no" with a rumor that incited a deep degree of human emotion..as the charts stay stoically unmoved. In my purview, anyone who says they can keep "emotionally detached" in investing insults their own intelligence.
I feel anything worth having is this life will require its most precious commodity which is (of course) time. The personal question one needs to ask themselves in the art of investing is do they believe in the artist they are investing in? Personally, I believe in Maestro Murphy's intent of taking DCI to the ether with a swelling crescendo and then finale of over $10....with resounding timpani!
Aside from that, I have no opinion. <GGG>
Onward Don,
George
(Also keep in mind there are many here who have major positions in DCI who read but rarely or never post on SI.) |
