Ron Patton

@ronpatton.com

255 Followers 381 Following

Long ago, in a time far away, I worked at Radio Shack. Now, here we are.

AI generated image of the Flex Seal spokesman standing in front of the reflecting pool holding a can of Flex Seal with several of his other products on the ground behind him.
The ship KSL Minoyang has a destination of LGBTQ CREW.
The ship KSL Minoyang has a destination of LGBTQ CREW.
At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don’t need any transparency. You don’t need any footnotes. What were you thinking?
Fonzie jumping the shark
Colin Powell holding a test tube.
Chart of Sun Micro from 1996 to 2006. It started around $5 ran up to $64 then fell right back to $5.
New York scene circa late 1920's of a shoeshine boy shining the shoes of a businessman in a suit.
Scratched the words 'people think' and replaced 'you think' with 'they are'
Olympic pistol shooters. One is outfitted with the latest technology (Hussman) the other in a t-shirt with his other hand in his pocket (2025 Investors).
A Go:Video DVD Recorder + VCR box.
Old woman in miner's helmet outside a copper mine
A valet in a white shirt and bow tie opening the passenger door of a Tesla next to a sign that say "FOOL SELF DRIVING"
1994 Ebay listing for an octopus Beanie Baby that shows a purchase price of $5.00, 1998 value of $450, and estimated 2008 price of $1500.
Tesla car with 'FORD' in blue painter's tape obscuring the logo.