Very good discussion.
I just want to comment on 3 things quickly:
1) I want to pass on your well wishes that our “patience is rewarded 10 fold” to all Nearmap shareholders!
2) This “dream of future capital gains“ is really not a dream at all, their business is very profitable, they are just choosing to spend their earnings on a greater goal! There is also no denying that this greater goal is becoming reality as time passes each day.
3) Tesla shouldn’t make anyone uneasy because since Tesla's IPO, in 2010, the stock price has increased from $17 to today’s price of $315.
You might want to pause and consider these cold hard facts, that is a rise of 1,752% over 8 years!
And you feel like a CEO getting 12% in the recent Nearmap jump? I dare to imagine how you will feel if you had some Tesla shares from the IPO. And to borrow from a Toyota slogan, if I had some Tesla shares from the IPO I’ll be far from uneasy, I’ll be singing “Oh what a Feeling !” all day long....
:0
Your “one day they will be found out for not making a profit.” may never come as long as Tesla continues to grow & grow & grow their revenues way beyond their competitors. And even in 8 years (which is considered “Long Term” in the minds of any investor, right?) & through many capital injections/share dilutions, Tesla have not exhausted their growth opportunities yet (in fact they are just at the tips of their massive industry ice bergs) what makes you think this is about to end any time soon?
So don’t take the 12% Nearmap profit today, take the 1,752% Nearmap profit in 8 years time, ok?
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