Making predictions is always dangerous, especially if they are about the future.
I copied and framed two pages of shareholder communications that now hang on the wall of my office. These are from a Chickasha Oklahoma company called Sentry Manufacturing Company that manufactured quartz crystals for the communications industry and for quartz watches. In its letter to shareholders for the 3rd quarter of 1976 it said in part "Due to the quartz crystal watch technology I believe the quartz crystal industry offers the greatest potential and opportunity of any industry in America Today" . This was signed by Joe C. Norman, the Chairman of the Board. However, this upbeat tone did not even last throughout the next year. In the letter to shareholders in the 1977 annual report, Mr. Norman tells us that "60 percent of the American quartz industry employment was lost during 1977...An American watch crystal industry doesn't exist today." I keep this to remind me to place very little confidence in the predictions of other people, especially if they are about their own company.
I must have a funny spellchecker. I know that Chickasha is not a common word, but why my spellchecker wanted to replace it with "Chic kasha" is beyond me.