To: Andrew C.R. Biddle who wrote (10600 ) 4/22/1999 4:22:00 PM From: Jeff Bond Read Replies (11) | Respond to of 14266
Mergers - >I believe this will really increase the rate of mergers, through the end of the year.< "The FASB plans to issue a proposal covering the change sometime in late July. If the board adopts the rule after the conclusion of a three- to four-month comment period, it would take effect for deals occurring after Jan. 1, 2001. The rule will not be retroactive." We have all of this year, and all of next year before the ruling for "pooling" elimination takes place. Other decisions are being made to terminate other issues at the end of this year. I do think merger mania would begin to occur, not always making sense, but performed to beat the deadline. small cap (instead of SMALL CAP :) - "It would take 7.6 percent of the $10.5 trillion invested in the S&P 500 to buy the entire Russell 2000, which is worth about $800 billion." ooooooooo kkkkkkkkk, fine (small cap is appropriate) Anyone talk with IR yet, doesn't it seem like the company did "everything" that we could ask for? Almost like they heard the comments made on the thread, and responded. I know better, this is a very well run company. I consider the "errors" made along the way to be growing pains, new and unique pitfalls and traps that occur as the company reaches new milestones in their growth. What's important is how well they react to such events. I'd say the company has done very well in addressing the issue this quarter, from the press release (focus on forward growth, establishing validity of Rugrats & extension of license, etc.), the conference call (upbeat, short and to the point, more "realistic" yet still reasonable earnings growth estimates, candid honesty, etc.), to the creation of new business model specifically tailored to capitalize on future merger and licensing opportunities. Can't deny it, when all is said and done, be damned with what shorts, options players, and for that matter longs, say and do to the price of the stock, in the long-run the price of the stock IS GOING TO FOLLOW THE PERFORMANCE OF THIS COMPANY. My company, mine, MINE ... I want it, gimme gimme it :o) Growing pains may be one of the hardest things to deal with as an individual. Failure is clear enough, it is the candid admission that your work was not successful, and the outcome correlates to the input. But, growing pains can lead to hardship exactly because you HAVE been successful. It is VERY hard to come to terms with the fact problems can be a result of unexpected successes in running a business. Also, since these problems are rarely anticipated, they can lead to delays, additional costs, and setbacks in the operation of future business. We all plan for the expected costs involved if something fails, wears, or becomes obsolete, but smart businesses will learn to plan for the unexpected and spectacular growth that comes with immediate success. THQI is that kind of company. It looks like they have put into place a business model that relates better to the "hyper-growth" environment they are operating in. The management is again showing an ability to change with the times and environment, and the result WILL have to follow in the end. Price? Remember last year when we wondered how many 1,000 share holders were on the thread? Sound off all 1,000 share holders sound off, I'm really curious what the makeup is like now. Last year I was invested in the company but not a 1,000 share holder. I guess some things are meant to change ... :o) Regards, JB