UNW unwired group limited

Well, GM has proved itself over a long period of time andearns a...

  1. 1,267 Posts.
    Well, GM has proved itself over a long period of time andearns a lot of money, so you cant compare that with UNW. I bet GM wasnt worth $250 million after only selling 10 cars.

    UNW is just another telco start up with an idea..the same as so many other start ups with good ideas. It hasnt proved itself. Didnt ERG get to $12.00 or something?..now look at it. JUM was 50 odd cents once with a "great idea" now sub 2 cents..NCA 10 cents at start of the year, "great idea", now 1.4 cents. So many others I can't rememeber because they have gone out of business or changed to mining.

    All of these companies once had respected people paying a lot of money for their shares, despite the fact that the company wasnt earning money, yet ultimately the "idea" proved to have little value. Usually it has been due to new competition, sometimes because the idea wasnt really that good.

    And in there the occassional one has made it, maybe 1 in 10.

    All I am saying is that it is very very speculative to buy shares in a company worth $250 million that is still pretty much an idea and some bandwidth, as they havent earnt anything yet.

    There may be plenty of people willing to buy UNW right now, but that doesnt mean they are right...as the previous examples showed. Its a gamble. It may pay off, hope it does, but it is long odds.
 
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