Curious, how we see valued such a brick-and-mortar firm vs. Google’s IPO which saw the company worth (on paper) as much as $80 BILLION.
AOL wrote off $54 BILLION Q1 2002.
Yahoo! wrote off $54 Million not too long after that.
The online era’s chant was, ‘Information Just Wants To Be Free.’ But it really didn’t.
It is possible that purveyors to those who seek to maintain and manifest the Second Amendment are being undervalued by the ignorant and apathetic — and acquired on the cheap by some whose loyalty is not American Principles—but power and profit. These could include Soros.
Methinks the American Public had better pay closer attention to our ‘smokestack industries.’
A compnay is valued based on revenues, earnings, and assests as well as other issues.
More people use Google and it has a big area for more growth then a gun manufacturing company.
“Cerberus is entering the $2.1 billion U.S. firearms industry”
This makes my point, Google last year had over 3 billion dollars in revenues all by itself.
The key phrase is on paper. The YouTube guys were able to sell to Google for $1.65 billion, because it was a stock swap; to Google, it was found money, and to the YouTube guys, they could negotiate the price up enough that their whole families would be set for life if the share price deflates and they only end up getting a tenth.
The consensus was that the AOL/Time Warner merger was a disaster, and it was -- for TW shareholders. For AOL shareholders, their share price plummeted, but not before they used their pretend money to buy something of real, measurable and lasting value. Time, SI, and HBO have a hefty subscriber base. Warner Music has a strong current roster and a huge back catalog. Warner Bros. brought, among many other things, the reliably profitable Lord of the Rings and Harry Potter franchises.
TW got hosed. The clueless old-media types gave up a piece of something real for a piece of the shrinking dial-up online-sevice market -- AOL was never really an ISP -- and then the two companies combined clueless management, with predictable results.