A venture capital company that operates as a non-diversified business development company. Invests in tiny technology including nanotechnology, microsystems and microelectromechanical systems (MEMS).
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TINY: No doubt like many other investors, I got into this stock after reading Ray Kurzweil's: "The Singularity is Near". It's a superb book (he has a podcast on the web covering content) which will make any reader want to run not walk to get exposure to nanotech. A few hours at most on Google turns up TINY.
Here are the bits to like:
(i) it's nano tech
(ii) it's nano tech.
Add to that:
(iii) it's a fund, spreads risk, has a couple of horses in the race. They are only half invested, with some $50 million sitting in US treasuries in the meantime to help pay the rent. Senior exec bio's look solid, they have some brainy people. Armed with this info, I happily invested my play money, watched them go from $12-$14 and told my friends how clever I am.
Then the quarterly financials were released, stock backtracked, I exited break even. Here's why:
(iv) Listening to Ray Kurzweil on the web it occured to me that nano investing is like gas physics. How ? Overall, the trend is predictable. It's a sure thing that this technology will be huge. However, just like you can't predict how an individual atom in a gas will move, it seems to me you can't pick an individual nano stock. But hold on, TINY is a fund ? Yeah but they only have a couple of dozen investments (atoms !) at best. To labor the analogy: the "gas" of nano is vastly broader: there must be tens of thousands of scientists worldwide, working in colleges, research insitutes and companies- especially in big companies. Where will the breakthroughs come from ? Caltech ? Samsung ? IBM ? Toshiba ? Dow Chemical ?...TINY ?
The odds for TINY must be just that...tiny. In the meantime, any investor can be sure that every three months or so you'll get a new financial statement showing no revenues, no income, less cash.
Kurzweil wrote a very fine book about the singularity. His ideas, if taken to the mainstream, would scare the masses. Many people don't think its cool to have nano-bots floating around inside them. I think its cool though!
Although I can see your logic with your breakdown of TINY I think there is one thing your overlooking about TINY. If none of its 30 or so companies go any where (which I dont think will happen) It still has an advantage. When another NANO bubble happens which it will....TINY is posied to take full advantage of that. So while we wait for one or more of its companies to hit....we have that to fall back on. So for me the risk takes a back seat and patience becomes the driver. Good Luck...Scott
Price is based on pubilc apraisal of the stock (fund). When NANO companies hit then TINY will also shoot up. It does not matter if they have a "winner" or not. Modified
I played with TINY years ago, made some and got out, then back in and was almost slammed. Very well stated, IrishMac. Who knows where/when the BIG NANO WIN will come from...heck, we all where it today in almost every wrinkle free shirt, even the finest custom made clothing wouldn't exist withouth NANO. Why risk it when you can put your money to work in very predictable certainties, such as reflation, eventual tidal wave from treasuries, so on and on. Sincere luck to those who smoke this pipe, may the forewinds blow you safely home in techno color nano warp speed. DuPont has a very cool NANO unit, and what about those Mr. Clean Magic erasers? Cool Beans.