Schneid, If you do not understand the necessity and value in 1/3/5/10 year business plans then you have never either owned a business or run a business or worked for a business.
Every company darn well better have a plan for this week, this month, the next 6 months, this year, next year, and 3 and 5 years out. I spent plenty of years within a $120mil business unit at Honeywell where even the most typical of new product development project took 2 or 3 years to complete and roadmaps went out beyond a decade. Revenue and earnings targets and projections went out about 5 years. And guess what, they were met - ALWAYS. Same thing at Seagate and other places I have worked, both public and private.
Perhaps in your post you were not referring to business plans but instead to analyst projections of revenue and earnings for a company. I would also disagree if that was your position since those too have tremendous value both for the company and the analyst firms and potential investors. Two way street for each party.
There is no way anyone can own a stock without projecting numbers over the next 3 months, 6 months and maybe 1 or 2 years. It all depends on motivations and timeframes and ownership goals.
With VirTra, forward projections are incredibly easy. They have told us point blank to never project one single quarter over others due to lumpiness and instead have told us to look at numbers and performance on a year over year annual basis. They have churned out year after year of increasing revenue and earnings and have guided to continued 20%+ annual growth. It is very easy (and accurate) to project that over the next several years. If you aren't doing this, then you have no business owning this stock or any stock.
Sorry, but I just never read anything as misguided as your previous post.
