Basin Water: The lesson of the 5-minute stink test
Ugh. Anyone out there bother to check up on the CEO at this outfit? I mean, it already made no sense at 5x revs, especially given the nature of that business, which is full of strong competitors.
And since when does it make sense to go public to get cash, then immediately use it to turn around and buy shares. (Unless you know the sheeple out there believe that buybacks are always a sign of good management. In fact, these days, they can be an indicator of management looking to game a sagging stock...)
But how come Jensen's previous bankruptcies (not to mention far more troubling biz ties) didn't make it into any of those hot caps pitches?
See my pitch, y'all, forget the hype about the water biz (Jensen used the same kind of short-sighted buzz back in the day to get people to by his predecessor company's gold pitch), and change your thumb to down.