Actually, this mindset is the reason why Wall Street is the way it is.
No short-term gain? No lending out the money. If I had to wait 10 years or more for a ROI, that would actually be ok with me. What wouldn't be ok with me is if I wasn't guaranteed a ROI 10-20 years from now.
Also, as long as it wouldn't put me into financial trouble, I would be ok with it. I mean, why not invest just because the short-term profit isn't there? Sometimes you have to look at the big picture, and in this case the big picture for this telecom is trying to make good on the promises they've already made, which they aren't doing.
The first comment is a little far fetched, I think this should be the end result after the bottom line has been strengthened a bit, in other words focus on the elimination of debt and gear the business with the customer in mind. As of late, this hasn't been happening.
This is why I hate the phrase "whatever the market will bear." It shouldn't be about what the market "will bear", but about whether the customer sees value in the purchase. Instead of setting a smoke screen to produce the illusion of value, actually produce value. Make it worthwhile.
Do or do not, there is no try! - Yoda
|reply to FFH |
Really? How did they do it in the beginning? Did they just crap out the money they invested?
Sure, most stock jockeys today wont want anyone to lend someone money that they wont see a return on an hour later, but smart and unselfish people (people like me) will gladly contribute for long term benefit for myself, my children, my grand children and my great grand children.