Sounded like a great quarter and good call. That is except for the moron asking questions at the end.
Market share is irrelevant as long as these folks make money. They can double market share tomorrow. The only thing they have to do is sell at no margin or a loss. That is not my idea of good business.
Management's approach to cautiously looking at foreign expansion is a good one. Give me dividends, good acquisitions, and some reasonable organic growth rather than investing a boatload of money in a country with less than desired transparency or rights for business owners.
Who really knows what is going to happen in 5 or 10 years with the economy or regulation. You know anything management says will be taken as gospel or out of context at some point in the future. Hey, folks didn't know on December 31st what the tax laws and regulations were going to be on January 1st.
These folks are doing a great job. I give them my trust with my investment and am not looking for miracles or for them to have all the answers. If you need more than that or a security blanket, go invest in treasuries and let Uncle Sam give you your long term plan.
Nice report. Thank you. That last guy--did they say he was from Span America? It sort of sounded like Ferguson knew him and he sounded like he was in a telephone conversation when he kept interrupting. It was tough for Ferguson who did as well as could be expected, but if that sort of thing keeps up SPAN is apt to drop conference calls or limit them to analysts.
I did think that the questioner elicited one valuable nugget by getting management to say that the future was in medical.
And, like you, I think that the management is doing a creditable job and I trust them.
I'm having difficulty with Yahoo this morning. Tried to recommend your answer to my question, which I appreciate, and panned it instead. Also cannot write a reply directly though my only comment is that clearly Mr Goldstein has a right to ask questions and probably knows more of the companies and Mr Ferguson's histories than I do. While he sounded a bit brutal, I do appreciate the thoughts he managed to elicit.