Replies to post #7918 on Grifco Inc (GFCI)

[Dr Bill]

Microsoft was never world-class management from its humble beginnings

Do you have any iota of business knowledge at all? Microsoft was brilliantly conceieved, and managed from day one. Same with Compaq. These were management teams that executed their strategy right from the beginning, and never had even the slightest snag as in the al haig show that never was to be, the spinout/dividend without the ex-div date without a transfer agent, the list goes on and on. These businesses have had audited financial statements from the start, and never have lied and mislead their shareholders even a fraction of the amount that jim dial did in the first five months of his tenure.

Surely you cannot be comparing compaq valero and softie to jim dial and trim a lawn, right?????

I mean the dialer comparing himself to jpgetty was one thing but you stating that msft was not a management team that was flawless from the beginning is just classic!

you should stick to poetry, BBB, really. Business and investing is clealry not your forte. just like typing isnm mine!!

[cyofish]

BBB are you kidding me with this?

".... Microsoft was never world-class management from its humble beginnings, neither was Compaq, neither was Valero, neither was . . . ."

Bill Gates was a genius! Literally with a 160 I.Q., perfect 2400 on the SAT. From the outset he understood the potential of his technology. He outsmarted IBM and locked up the PC operating system market. He was a world-class manager from day 1.

I know you work for Valero but do you know its history? They were a spin-off, throw-away/discared segement of Coastl States and Gas as a result of a bankruptcy settlement. A senior Mgr of Cotal States took over as the CEO of newly craated Valero Energy (can't remember his name but he recently retired). After the first year of operation their CEO built a business model on the assumption that domestic oil-production had reached it's peak. There will be more abundant supply of sour crude in the near future, and Valero would acquire outdated refineries at 20-30% of replacement cost and upgrade the facility to world-class sour crude refineries. You know what he was right. He figured it out before everyone else did years later. He created the success, he didn't become a "world-class" manager after the success.

Compaq was founded former Senior managers of Texas Insturment in the 1980s. Texas Insturment was a world class company largely known as the company who developed the first IC chips..the precursor to the micro-chip.

So you see all of the companies above didn't start out playing the shell game; deciving investors with faulty PRs;and register the company as a NV corporation with one person as the CEO, President, Director, Secretary, Tresuer etc. The reason why these companies are where they are today is because they were world-class.

Jim Dial is none of the above. He never will be. Like they say on ESPN he's been stumbling, bumbling..all over the place". He may be low to mid level management quality but what he's trying to be is far beyond his talents or capability.