Five and Under

[Tradewinds]

MATT - Hi, just wanted to stop by and say hello, since you were kind enough to email and invite me.

I appreciate all your kind words in recent posts here. Really too generous. You make it sound like I walk on water without getting my feet wet. Old guys like me are happy if we can just pass water without getting our feet wet.

Saw a post where you called me "ultra-conservative". I guess you're correct. But even a conservative can get the mojo flowing when all the pieces come together.

Probably not good for me to post anything substantive. Though I am currently just Pres of a private company, that could change re BTLY, and the world is not comfortable with officers of public companies on bulletin boards.

I will go as far as to say this; IMHO, for at least the next 1-2 years markets will remian very conservative, impressed ONLY by sustainable current revenues/profits. Future revenue projections will be suspect. Current revenues that aren't based on sustainable operations will be suspect. Enron and Worldcom crashed because their current revenues and profits were based in large part on short-term accounting magic, not a sustainable business model. They poisoned the water for everyone. So now its a new game, but really an old game, the focus must go back to basics. Growing sustainable revenues and profits must be the goal.