Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
https://www.youtube.com/watch?v=IJXt0GX6QjM"What's the value of a stock that never returns cash to its shareholders? I really don't know."
Of course there's more context, but this little ditty from Mr. Wonderful is worth a couple of minutes, irregardless of where you come out on growth vs. yield.
Then again, he's only worth $400 million. That's not sarcasm. It's more than I'll ever see, but there are a lot of people around Seattle worth more than that, and most of them got that way with tech & growth.
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Obviously that's a broad brush but it's a thing.
Fun story that's somewhat relevant
Last December my ceo started chatting with a dude and decided we were gonna drop ship a shitload to all their customers.
Well the dude already owed us like 80k that we were never gonna recover but since the owners were in talks to sell he didn't care just wanted to bump the revenue before the end of the year.
Well shocker the deal fell through and covid hit then the ownership decided why screw around this is a super profitable business.
That shady fuck is going to jail for medicare scams and we had to pick up a 300k bill (and sue for it and whatnot but we're gonna get nothing)
Now he's all about building the company and long term and whatnot. But every time he does something dumb I'm like bro are we going down that route again?
Its understandable why people do it. A payday is a nice prize.
Edit: this isn't super clear. The shady asshole is the customer that was doing medicare scams not my boss. My boss and the other two owners were the ones in the selling talks that wanted to pump revenue to up the purchase price.
Still the craziest decision ever.
Lol he was like hey wanna come down to phoenix for the waste management?
And I was like you remember when you fucked my new years over a year ago with that fraudulent dickhead?
He's like uhh yeah....
I said his goofy medical billing business partner is trying to talk to me again. So you owe me booze.
They're everywhere but between PHX and Florida, it's pretty obvious the frauds like the warm weather.