Wednesday, July 01, 2020 11:46:49 PM
I think everyone would give them a pass for revenues in Q2. I have no issues there and will even give them credit. It’s the unrelenting debt and growing revenues at any cost that I have issues with. It equates to not being financially responsible I have a huge problem with that.
Opportunities come and go in life. I see them daily in the market. I don’t always have the funds to take advantage of each one. But I wouldn’t ever consider skipping a mortgage payment because there was this one opportunity that was impossible to pass up. That’s called fear of missing out and that’s a grossly undisciplined act from the management of a publicly traded company. It’s irresponsible or even negligent at best. We payed for $500k of inventory, rather than servicing our financial obligation (debt). He’s basically taking our money to fund revenues. I never agreed to that.
“A wise man thinks ahead; a fool doesn’t, and even brags about it!”
Proverbs 13:16
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