James, you hit the nail on the head. "Stubborn" is the key word. Maybe not smart, but stubborn as a mule.
I'm not sure if Onsale is the best company in the world. It probably isn't. However, they are building an infrastructure for ecommerce that few companies can emulate. They are like a machine. No inventory, very few employees.
Yes, margins are slim right now. Walmart has slim margins, but they're near an all time high and they have thousands upon thousands of employees and nowhere near the revenue growth rate that Onsale has.
As you know, the company insiders own the majority of the stock in this company. Although I'm currently very disappointed in them (and I told them so), I have confidence they'll do what it takes to get the value of their stock back up.
So, for now, I'm holding on (barely). <ggg> |
