Baron Capital Enterprise Inc (BCAP)

[mdimport]

The three year chart is relevant and shouldn't be dismissed out of hand. On the other side of the equation A/S three years ago was 100B and today is 1.4B. By any standards that's a very significant reduction, although there's scope for taking it down much further. To use a chart well one has to combine the chart with real events (new business initiatives not fluff PRs) and fundamentals on a per share basis (increase in assets, decrease in liabilities, increase in revenues).

As far as new business initiatives, the significant ones are Investment Division, TA, Bank, Brokerage. You can check mark off the ones that are functioning and generating revenue to see if the CEO is building the company or promising but not delivering.

As far as fundamentals, perform standard book value per share and revenue per share calculations when the quarterly results are announced. This is completely objective and non-controversial. If on a per share basis book value and revenues are growing quarterly consider holding or increasing your shareholding. That per share calculation is why it's important A/S and O/S are reduced. As a shareholder you're buying O/S and the more book value per share the more you want to be owning the company.

One other note concerning PR's and share price: I'd much rather my CEO's not issue fluff PR's but spend company money in buying back shares (remember the fundamentals and per share calculation) and investing in infrastructure and assets (real events).

PR campaigns can run into millions of dollars, certainly several hundred thousand. If I'm investing, real events are most important. If I'm trading I want periodic PR's that will create pops in share prices (which is why I didn't like seeing revenue projections and a higher share price calculation from the CEO. If he's doing the right things it will be revealed in filings and should positively surprise shareholders). This is a different measure of how Matt Dwyer is performing, again pretty objective.