To: Seconds Out who wrote (5277 ) 2/21/1999 8:02:00 PM From: LastShadow Read Replies (3) | Respond to of 10081
One should never own a stock merely on the faith that the executive management will do the right thing. That is naive. And I would be curious to know what sarcasm I offered? that the stock was once a dollar stock is of no more intrinsic value than that it was once an $11 stock. The issue is whether that management team, and the plan they are working toward is improving shareholder value. To date, it has not. It does not take years to accomplish some measure of improvement to that end. It should be apparent quarter by quarter. Whether the sotck performed in accordance with the rest of the growth in its sector and subindustry during the last 9 months has no relevance to when anyone bought, so I don't really understand that statement. It doesn't matter wheter one bought last week or last year - the stock price still represents what the market is will to pay for a peice of this company. And for the last six months, that isn't much. I have no unsubstantiated faith on Markman or his team. I look for performance. As an investment, one merely has to look at the track record of the stock against the potential of its market and wonder where's the beef? Laying the accountability on Intuit or anyone else is non-sequiter. making information public has noting to do with whether shareholder value has increased, stayed the same or eroded. I don't care to defend or condemn the mangement. Its not necessary, since the stock price does that for us. I am curious though, at what stock price would you consider questioning whether the management team is doing a good job? $4? $3? $2 perhaps? Or would that also be some other company, or trading community or 'market forces' fault? I don't credit management with the full responsibility for the depressed stock price. Only the half that they are responsible for. that GMGC doesn't presently have any current revenue base IS the responsibility of the management team - I'm not sure who else's door you can lay that one at. And the options that exist don't rely solely on 'selling out to competitors'. Where has he let us down? Oh, how would the current value of our investment be for an answer - and I think I can pretty much say that applies to just about any entry price at any time. Or am I mistaken in that this is a thread to post all viewpoints, and not just supportive one? lastshadow