by Travis Johnson, Stock Gumshoe | July 9, 2015 1:01 am
Today’s teaser pitch is not new — I first saw this ad in April, 2014… and it’s been running off and on ever since, but we’ve gotten a lot of questions about it this week so we’re re-running it for you today. And I’ve left the comments from the original article at the end so you can see what your fellow readers were saying at the time.
What has changed since April of last year? Well, your top-secret “NuCable” company has indeed launched a somewhat more flexible cable subscription package this year — though that also got them sued by Disney’s ESPN, round one of a fight that will probably go on for quite some time… and despite that “revolutionary” move to kill cable television, the shares have not risen dramatically to “$100 to $150 to $185” as the ad teased back then (and continues to tease now), the stock is almost exactly where it was when this ad campaign started, just below $50.
Of course, it has also paid out $2.75 or so in dividends[1] during that time, which is why most investors own the stock. Nothing to sneeze at.
Otherwise? Well, not much has changed — though your secret “NuCable” company (OK, fine, yes it’s Verizon — sorry to spoil the surprise) has actually been cutting back their investment in their fiber optic FiOS network of late because of its high cost, pricing has gotten a bit more competitive on the wireless side with T-Mobile and Sprint fighting for position, and their largest real competitor, AT&T, is still fighting to win regulatory approval for its acquisition of DirecTV[2].
I still own the shares, I’d argue that Verizon (sorry, “NuCable”) hasn’t fundamentally changed very much and is still trading largely like a utility, and with that I’ll leave you with the words we first shared in April of last year when the ad started running…
—from 4/10/14, not edited or revised–
“Ford Killed the Horse & Buggy.
“Microsoft Killed the Typewriter.
“Apple Killed the Compact Disc.
“Now Introducing… The Company That’s About to Kill Cable Television.”
That’s the intro to the latest ad from the Oxford Club[3]… which thinks this secret company “NuCable” will be able to revolutionize the cable TV business and make all of our lives better (and, of course, make us rich). The spiel is much like growth stock pitches of the past, with intimations that if only you could have foreseen the market upheaval brought by Ford, Microsoft and Apple you would be rich … and now you have the chance to get in early on the next upheaval.
This is not all that different from the argument the Motley Fool[4] has been making in their ads about “Television 2.0” for a year and a half, but this time the ad is from the Oxford Club, and this time they’re touting not the content owners (the Fool was teasing Disney, Scripps Networks Interactive, and Discovery) but an “upstart” competitor that’s going to be a better distributor than your cable company.
This is the crux of the argument:
“In what could be just a few months, a deep-pocketed and highly respected tech company will unveil a secret project that will soon become known as the “iTunes of the television industry.”
“I like to call it ‘NuCable.’ But keep in mind, virtually nobody knows about this yet.
“The products’ origins are somewhat shrouded in mystery…
“It was initially developed in a locked-down underground facility.
“(With no front door!)
“Only a handful of the project’s creators were allowed in through secure, underground tunnels.
“But for the vast number of people in America eternally frustrated with their cable companies, this secret project will be a godsend.”
And there’s plenty more — folks have been predicting an awesome next-generation television offering for more than a decade now, powered by the internet… and it’s sort of here, through services like Netflix and Apple TV and Hulu, but it’s not quite enough to overcome “real” TV. Here’s a bit more from the ad:
“Americans are ready for a cable alternative that really works. And in the coming months they’re finally going to get it.
Are you getting our free Daily Update
"reveal" emails? If not,
just click here...“The Consumers Are Ready… The Media Is Buzzing… And ‘NuCable’ Is the Perfect Storm
“Over the last few months, details have finally started to emerge. And what I’m seeing is exactly what millions of cable customers have been crying out for.
“Keep in mind, there’s only a few media members privy to the technology behind what I’m calling ‘NuCable.’
“But they’re ALL buzzing with excitement…
“Business Insider calls it a ‘Holy Grail for consumers.’
“Forbes[5] predicts, ‘It will kill the cable industry as we know it.’
“Reuters says the product goes beyond anything Apple or Netflix offers… Daily Finance is calling it a ‘game changer.'”
Any more clues for us? We do get a bit …
“This firm’s share prices have stayed comfortably in the mid-40s over the last year.
“But I can easily see it launching up to $100 to $150 to $185 once NuCable goes live… Even reaching Google levels of $1200, once millions of Americans make the switch.”
(And he includes a chart of this stock, with the name blacked out, going up from the high-$40s to $250 in 2014. Which is, frankly, ridiculous…. more on that in a minute.)
A few more clues for those of you playing along at home? Sure…
“The company behind NuCable is perhaps one of the most important tech firms in the country.
“They’re involved in virtually EVERYTHING that we take for granted.
“Cell phones… computers… tablets… and thousands of other gadgets we use every day. This company has their hand in nearly all of it.
“Again, this is NOT Apple or Google or Samsung that I’m talking about….
“Tens of millions of people are using this company’s products right now.
“Even if they weren’t on the verge of releasing one of the most transformative innovations in American history, they would still be a great investment.
“They handily beat their most recent earnings estimate. They have 3 years of steadily increasing revenue.
“They also pay a solid dividend. Analysts have referred to it as ‘one of the best dividend stocks.'”
That’s about all I can stand to excerpt for you — you can feel free to check out the original ad here if you want to double check my solution. But I do have the teaser solution for you… this is… our old favorite Verizon (VZ)[6]
I know — it’s a letdown, right?
But there you have it.
Verizon may not be on all the top ten lists of most hated businesses in the country, but they’re probably pretty close — particularly if you’re asking folks whether they like paying $400 a month for their family’s phones. Those lists are generally populated with all the folks you have to pay every month, so competitor AT&T and all the cable companies and several electric utilities[7] are usually on those lists (and no cable company has every gone broke because you hate them).
And Verizon is now the sole owner of Verizon Wireless, a gem of an asset with a valuable LTE network, as well as the owner of the still-fledgling FiOS network that’s competing with the cable companies for the “triple play” business (voice, broadband, TV) in many areas of the country.
I own Verizon shares because they were a stupidly easy buy when they carried a 6-7% dividend yield a few years back, but they’re still a fine stock to own for the gradually growing dividend… and I’d wager that the dividend is why most people are in the stock. Like other telecoms and utilities, it’s a pretty classic ‘blue chip’ kind of stock.
It’s also huge. Verizon is a $200 billion market cap company (a $300 billion company if you include debt), and it’s not growing particularly fast.
So why the big push? This spiel from Dave Baumann, the Oxford Club’s media analyst, is based on Verizon’s purchase earlier this year of OnCue, Intel’s “not quite ready for prime time” internet television business, which could indeed end up being a nice puzzle piece as they push to improve and extend FiOS.
But I’d guess that they’re probably not going to begin offering the US what it wants (a la carte cable subscriptions) in the next year or two — OnCue had some good deals with providers to do just that, but part of the reason they probably got decent content deals was that they were a small and experimental project. Big changes are certainly possible but, in truth, it’s pretty hard to see the Verizon behemoth being the company that shakes up and unbundles the at-home entertainment business, not after all of their years of aggressively bundling and tacking on services in much the same way that the cable companies do.
But sure, I guess it’s possible and I’d be delighted to see it — even if Verizon’s broadband doesn’t reach Gumshoe Mountain just yet (we’re still pretty much stuck with Comcast for TV and broadband in this corner of the world). But even if they do this, Verizon’ stock isn’t ever going to go up 10,000% like Apple after iTunes, or 1,000% like Netflix over their hot three year run a little while ago, regardless of the fact that the Oxford folks include those charts to get us excited.
So… Intel’s TV business that they sold to Verizon is not going to fundamentally change the way the company works overnight, but it might make Verizon’s FiOS better (this will apparently enable them to incorporate more IPTV into FiOS, providing more interactivity and on demand features than cable can by itself, and they’ve already been investing in improving their network and making FiOS work with Verizon’s wireless network to provide content across devices). And that’s a good thing.
OnCue also comes with some deals with content providers, though it’s up in the air how those deals will scale inside Verizon’s world. There was good coverage of the OnCue deal in Barron’s her[8]e (it only cost Verizon $200-300 million, almost a rounding error for both Intel and Verizon). Barron’s earlier very laudatory piece[9] about the OnCue business, back when it looked like Intel was actually going to spend it into existence for consumers, is here[10] if you want more description of the possibilities of the service and the technology.
Verizon is a good company, I think it’s pretty well and aggressively managed, and they have a huge customer base in an oligopoly. I own the stock and I won’t be selling it anytime soon unless something strange happens, but I’m counting on it as a consistent 5% yielder and I’ll be surprised if it ever beats the market in an up year.
And no, I don’t think Verizon is about to kill cable television — and I will be flabbergasted if Verizon’s stock price moves by triple digits (i.e., goes up 100% or more) in the next three years, let along 1,000%… but I suppose it would be reasonable for the stock to double in 5-10 years if they get a better hold on home entertainment, and I’m happy to see the dividend compound during that time.
They’re also, of course, not working in a vacuum — Comcast and all the cable companies are changing cable TV, too, and cable companies have great broadband pipes into a lot more homes than are served by Verizon FiOS.
So sure, buy Verizon if you like. But you’ll probably still end up hating either Verizon or your cable company in five years.
That’s about all I can tell you about Verizon’s secret “NuCable” business — think it’ll end up making us all rich? Looking forward to seeing the next generation of OnCue in your living room? Let us know what you’re thinking with a comment below.
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How can I purchase Stock in “NuCable”?
Eugene NuCable is provided by VZ
Travis,
What small oil driller is the PETROPLEX $8.00 DRILLER being teased ?????????
Henry
I googled up the quote from Forbes, The article was talking about Intel’s IPTV project.
Crazy idea…if people had any sense at all, they’d get rid of cable TV, spend $200.00 or so, and put up an antenna. ONE TIME COST. Well, they tend to only last about 20-30 years…but if you figure on getting a new antenna every 10 years, that’s $20.00 a year, as opposed to what some people are paying every month.
But, hey…some people are “just too smart about money” to NOT waste it…
GOOGLE, may have something to do with NUCable. Could this be remnants or disused cable found underground in Kansas(?city) , now being extended and used closest to that
area?
Google bought a lot of what they call dark cable on the cheep as all it is was surplus unused cable. Google started competing in Kansas City but don’t know how that is working out.
I have been waiting for NuCable since I heard about it more than two years past. I go and look for what I can find. When I fist read about the gentlemen building this product it was to be ready for release in several months. Then nothing, then they were selling out to another computer that is screw up with the Comcast as well others that do not care about the public only them selves. So ever two or three months I look up NuCable and still nothing as they promised them. I have tried them all and Comcast is the worst for service, delivery, cost and they lie about what they tell you every month and just recentyl I stopped calling and this email ignited me once again as to a problem fixer. Keep me on your files.
HOARD these stocks — 4th Industrial revolution is coming!! Graphene: CABN, LMRMF, CHGI
I had Direct TV and switched to VZ Fios. Not as good a picture, deplorable customer service. Would go back to Direct TV in a heartbeat if they offered internet. Recently had a Kafkaesque experience waiting on hold for over 3/4 hour only to learn that if I eliminated my phone service my bill would increase. Been with them for 5 years yet would suffer an early termination fee. They encourage you to mange your account online but that information is not available there. With respect to Peter Lynch’s philosophy, I’m not buying VZ and dumping the service when my contract expires. They are nefarious and I can find equally good investments without supporting companies that abuse me.
Any info re Lite Access Technologies, LTCCF-(Pink sheets), LTE-TSE re fiber–optics direct-to-home. IPO June/15 @ .50 ; currently approx. 1.30?
Interesting,
Having been involved with STREAMING TV for over a year, I wouldn’t invest in any of the alternative cable and satellite deals, including Verizon. It has become clear they are all scrambling to get their piece of the streaming industry now that the technology is no longer a hinderence with buffering and past poor quality non 1080 programming. Now that technology has advanced, speeds, WiFI enhancements, I have been streaming over 100,000 TV shows and Movies when I want and where I want, no schedule or recording are required any longer. With thousands of programming streams and growing every day, why would anyone want to watch anything else. No commercials, crystal clear HD quality and all at no cost, so how are companies like Roku, Amazon, AppleTV, Google Chromecast, Netflix, Verizon, Yahoo , HBO and now Showtime going to be profitable in the long term now that the cat is out of the bag on streaming TV. Don’t waste your investment money, all of the above are scrambling to just hold onto what they have.
Touting something that is a better version of cable would be the same as touting a much better horse and buggy, when clearly the automobile is the way to go.
Mike: How is that done? I have to have internet ( which I can only get from my cable Co or phone Co.) in order to use my Apple Tv to get Netflix.
So I pay for internet, and have to buy an apple Tv and then pay netflix……pls explain/expand when and if you have time. Thank in advance.
Like most, we all are looking to save money on what we are already using, as in, cell phones, cable or satellite TV, you name it, and in this economy we are looking to save money. I am with Verizon, and follow what they and other telcom companies are trying to do, stay ahead of competition. I just got notice my 20% corporate discount is being eliminated next month, never mind the free phones are out the window with 2 yr. contracts which was the norm for years. As with everything, what worked yesterday does not mean it will work today, never mind tomorrow, especially when it comes to technology.
As to your question, we see Verizon pushing FIOS and will offer TV and Movies like Netflix, Hulu, Amazon, Roku, AppleTV, Google Chromecast, now HBO, Showtime, AOL, etc., they are all moving as fast as they can to streaming TV via internet, and who doen’t have internet these days. To make a long answer short, streaming TV is the future in entertainment access, PERIOD. We see all these companies scrambling, and then we saw the darling of the internet, Netflix earning drop like a rock, and if they had not expanded internationally, we would have seen an even worse drop in profits. Why, simple, competition is heating up, hence, why I went streaming last year and cut the cable and dumped dish.
Granted, we still need internet, and if you have cable, as I do, my cable TV mid range package was costing my $158.00 a month, typical for most families with three TV’s, so I will call this average. This included internet and phone, typical package. As with most, I don’t need landline anymore, I use my mobile phone for everything, and I was using my wifi for access to streaming TV given I had unlimited data which I had grandfathered in and used the tether feature given my cable at old home was too far from street which was pathetically slow. Since moving, I now use cable internet for $34.00 a month, but dropped all the rest I didn’t need saving me $128. a month by switching to streaming TV, Movies, Sports, I have hundreds of thousands of TV shows and Movies, including in theater or premium channels, never mind Pay Per View, so no more need to rent any movies or UFC, MMA, WWE or Boxing rip offs of up to $100. per event saving me another several hundred a year.
So to sum it all up, VZ like all the rest are scrambling to keep profits up, but if I was anyone looking to invest in VZ, knowing what I know, I wouldn’t. The streaming TV industry is exploding as more and more discover the secret to free entertainment savings, these big companies will see profits slide, just as we are seeing with telcom from start, no more phone booths, no more land lines, no more cable TV and Satellite, and as we saw the mergers in industry rise, it is for good reason, profits are declining and the scramble is on, VZ has always tried to keep up with AT&T, and we just saw aquisition of satellite provider DirecTV. This says it all, the scramble is on.
In conclusion, we have streaming TV exploding, and all you need is an internet connection, nothing else. FREE-VSTREAMTV.com was one of first to introduce a media center which has it all, converts any TV into a smart TV, plus a computer to access internet for YouTube, FaceBook, Google search, just as most use a computer for, now you can use your TV in place of computer and be able to do what 90% use home computer for, emails and searches, shopping, etc. So how much will this save the average family who has the need for several TV’s and computers. So now I am saving over two thousand a year and counting. No more having to go to movie theaters, I get new releases on my media center almost at same time of release, even before they hit theaters on occasion. No more need for a DVD recorder too, saving even more. I can search and watch whatever I want when I want, no more rush to get home to see your favorite shows. The future in entertainment is here and it will surely cut into the profits of the biggies like VZ and AT&T, never mind all the fringe companies like Netflix, Amazon, Hulu, Google Chromecast, AppleTV and HBO, AOL, Showtime who also now offer alternatives to cable and satellite companies. RedBox is also feeling the heat, just as BlockBuster was put out of business a few years back, and they were huge at one time.
Once again, you have to look ahead, and not repeat what was done behind us, technology is just too difficult to understand for most. Do you see how CableVision is building out millions of hotspots, it is obvious, this is the future in internet connectivity. WiFi range is growing, and when they go with repeater technology, using each user as a relay point, then who needs traditional cable or satellite any longer. I would be dumping all Dish stocks at this time for that reason alone. Just do a WiFi search on your smart phone or computer, I am sure you will see several in your area pop up, as is the case on my street, four others have WiFi connections, so imagine if as a cooperative we all used this WiFi network, the technology is already out there with WiFi amplifiers which can grab a signal up to a mile away now. Never mind the technology which can access these other so called secure WiFi networks. Nothing is secured as you can buy technology which can access your neighbors WiFi and they will be clueless to you accessing it as most don’t care or ever look at who may be piggy backing off their connection.
Not to disclose all the secrets I have learned over the years in the technology industry, but times they are a changing, as they say, and never more so than in the wireless industry. So if anyone wants to save money, as I do, check out FREE-VSTREAMTV.com VS2 which has wireless remote full size computer keyboard, mouse, even a camera who are into using Skype application with microphone in remote so you can see your grand kids as I use it for. Just like you have phone notification on your cable phone, so now if I am watching movie, I get a Skype notification and my grand kids pop up on TV, so amazing technology. I was so pleased when I switched, I tell everyone about new technology who wants to save money and cut cable and dump dish, and then dump VZ stock. lol
This is not about investing, but I have been Verizon customer for more than 10 years. They have the worst customer service and the snottiest sales people of any company I do business with. The only company I have ever dealt with that is worse is Century Link. However, when I asked Sprint to make good on their promise to cut my bill in 1/2 they sheepishly admitted that their rates for my service are more than Verizon – something about senior citizen discount rate. There are other vendors in Omaha who sell for Verizon so one does not have to put up with their condescending sales people. As far as I know VZ does not offer TV in our town and Cox is very good but expensive for TV and Internet.
My wife and I had Verizon in Dearborn Michigan and have it now in Northwest Iowa and have few problems. We have had very good service at Verizon stores from their people.
Join Consumer Cellular. I was a T-Mobile customer. Joined CC and cut my bill 50% while retaining my phone and my number. Additional plus…they really do have good service and before you ask, I have no association with CC what-so-ever except I’m a satisfied customer.
Had local telecom co. in northwest Iowa for “TRIPLE PLAY” that included cable, internet and telephone. I was satisfied with most of it except for all those home shopping/selling channels included in the “MORE THAN 200 CHANNELS INCLUDED”!
I VERY FOOLISHLY switched to DirecTV. If it rains more than a few drops or snows more than a few flakes THE SIGNAL GOES OUT AND NO DIRECTV!!!
In March 2016 I WILL cancel directv and go back to my local telecom and “TRIPLE PLAY!!!
VZ is the poster child for immorality among Fortune 100 companies. They reneged on “lifetime” benefits promised early retirees & current employees of their Info Resources Division in 2009 by “selling” to a shell company via massive debt transfer, then arbitrarily shifted all current mgmt employees and retirees from defined pensions they had earned from 20-30 years employment to private “annuities”, thus canceling gov’t pension insurance.
Just ditch the idiot box.
Like most, we all are looking to save money on what we are already using, as in, cell phones, cable or satellite TV, you name it, and in this economy we are looking to save money. I am with Verizon, and follow what they and other telcom companies are trying to do, stay ahead of competition. I just got notice my 20% corporate discount is being eliminated next month, never mind the free phones are out the window with 2 yr. contracts which was the norm for years. As with everything, what worked yesterday does not mean it will work today, never mind tomorrow, especially when it comes to technology.
As to your question, we see Verizon pushing FIOS and will offer TV and Movies like Netflix, Hulu, Amazon, Roku, AppleTV, Google Chromecast, now HBO, Showtime, AOL, etc., they are all moving as fast as they can to streaming TV via internet, and who doen’t have internet these days. To make a long answer short, streaming TV is the future in entertainment access, PERIOD. We see all these companies scrambling, and then we saw the darling of the internet, Netflix earning drop like a rock, and if they had not expanded internationally, we would have seen an even worse drop in profits. Why, simple, competition is heating up, hence, why I went streaming last year and cut the cable and dumped dish.
Granted, we still need internet, and if you have cable, as I do, my cable TV mid range package was costing my $158.00 a month, typical for most families with three TV’s, so I will call this average. This included internet and phone, typical package. As with most, I don’t need landline anymore, I use my mobile phone for everything, and I was using my wifi for access to streaming TV given I had unlimited data which I had grandfathered in and used the tether feature given my cable at old home was too far from street which was pathetically slow. Since moving, I now use cable internet for $34.00 a month, but dropped all the rest I didn’t need saving me $128. a month by switching to streaming TV, Movies, Sports, I have hundreds of thousands of TV shows and Movies, including in theater or premium channels, never mind Pay Per View, so no more need to rent any movies or UFC, MMA, WWE or Boxing rip offs of up to $100. per event saving me another several hundred a year.
So to sum it all up, VZ like all the rest are scrambling to keep profits up, but if I was anyone looking to invest in VZ, knowing what I know, I wouldn’t. The streaming TV industry is exploding as more and more discover the secret to free entertainment savings, these big companies will see profits slide, just as we are seeing with telcom from start, no more phone booths, no more land lines, no more cable TV and Satellite, and as we saw the mergers in industry rise, it is for good reason, profits are declining and the scramble is on, VZ has always tried to keep up with AT&T, and we just saw aquisition of satellite provider DirecTV. This says it all, the scramble is on.
In conclusion, we have streaming TV exploding, and all you need is an internet connection, nothing else. FREE-VSTREAMTV.com was one of first to introduce a media center which has it all, converts any TV into a smart TV, plus a computer to access internet for YouTube, FaceBook, Google search, just as most use a computer for, now you can use your TV in place of computer and be able to do what 90% use home computer for, emails and searches, shopping, etc. So how much will this save the average family who has the need for several TV’s and computers. So now I am saving over two thousand a year and counting. No more having to go to movie theaters, I get new releases on my media center almost at same time of release, even before they hit theaters on occasion. No more need for a DVD recorder too, saving even more. I can search and watch whatever I want when I want, no more rush to get home to see your favorite shows. The future in entertainment is here and it will surely cut into the profits of the biggies like VZ and AT&T, never mind all the fringe companies like Netflix, Amazon, Hulu, Google Chromecast, AppleTV and HBO, AOL, Showtime who also now offer alternatives to cable and satellite companies. RedBox is also feeling the heat, just as BlockBuster was put out of business a few years back, and they were huge at one time.
Once again, you have to look ahead, and not repeat what was done behind us, technology is just too difficult to understand for most. Do you see how CableVision is building out millions of hotspots, it is obvious, this is the future in internet connectivity. WiFi range is growing, and when they go with repeater technology, using each user as a relay point, then who needs traditional cable or satellite any longer. I would be dumping all Dish stocks at this time for that reason alone. Just do a WiFi search on your smart phone or computer, I am sure you will see several in your area pop up, as is the case on my street, four others have WiFi connections, so imagine if as a cooperative we all used this WiFi network, the technology is already out there with WiFi amplifiers which can grab a signal up to a mile away now. Never mind the technology which can access these other so called secure WiFi networks. Nothing is secured as you can buy technology which can access your neighbors WiFi and they will be clueless to you accessing it as most don’t care or ever look at who may be piggy backing off their connection.
Not to disclose all the secrets I have learned over the years in the technology industry, but times they are a changing, as they say, and never more so than in the wireless industry. So if anyone wants to save money, as I do, check out FREE-VSTREAMTV.com VS2 which has wireless remote full size computer keyboard, mouse, even a camera who are into using Skype application with microphone in remote so you can see your grand kids as I use it for. Just like you have phone notification on your cable phone, so now if I am watching movie, I get a Skype notification and my grand kids pop up on TV, so amazing technology. I was so pleased when I switched, I tell everyone about new technology who wants to save money and cut cable and dump dish, and then dump VZ stock. lol
Funny, in a recent study, those who are on welfare will pay their cable or satellite bill before putting food on table, so I doubt TV industry is going to be dumped. Here is a thought, you can purchase a 60″ LED smart TV for less than an Apple 6s smart phone, so where does that make economic sense? Apple and others are ripping us off, simple, so as I see it, more and more will be using tablet smart phones as there main souse of entertainment. Most kids prefer to watch their smart phones over TV these days. lol
I have been watching and reading about you for the past two or three years when your were going to come out in June, then September and the next I know I am still looking you up to see if you have gotten your ass off first base. Your still sitting back with the same BS and we are still waiting for this great answer to enjoy our lives with your so called magic. I hate Comcast and I have been stuck with them for the past 5 years.
It was this pitch that suckered me into Motley Fool a few years back. I bought Discover and Scripps right away and they did nothjing during 4 years of bull market. I admit I didn’t buy Disney right away but it’s been mostly sideways next to the charging bull. I’d respect Fool more if they owned up to their abject failures as enthusiastically as their triumphs, and maybe offered opinions as to why things din’t play out the way they expected. Or, how about this, if they updated their paid subscribers every so often when their recommendations are spiraling downwards.
This ones coming from Matt McCall and he’s listing Verizon as a victim