RE:RE:Common Sense InvestingMostlyserious wrote: Enjoy the videos, I like the "patient" approach based on research and strong fundamentals.
I think there was a comment related to TEI's size whereby one cannot expect astronomical sustainable growth and some of these limitations manifested itself due to client dissatisfaction in things not being done as quickly as they would like. I am not sure that I have heard of that being the reason for slowing down in inking sales. My understanding is that, in general, projects have been implemented on budget and on time. As per the news releases, the times to implement projects within a year, don't sound too horrendous for the amount of time those technologies are expected to deliver benefits and relatively low payback periods.
Having said this, it always has been a bit of an unanswered enigma why client satisfaction does not result in greater number and more frequent repeat orders by clients. I believe our client base includes over 100 large organizations by now, yet there seems to be not much more than a handful where TEI states things like 3rd or 4th or 6th installation by a client. If every client, on average, implemented just one mid-size project every two years......keeping in mind that some have done several over a couple of years......we'd consistently be playing at a level beyond $50 million in annual revenues, and made ourselves an attractive acquisition target, eventually handsomly rewarding patient investors.
My memory is that people are the limiting factor for what the company can achieve ( outside of GEM sales) and Cameron ( no proof provided) implied lack of people was slowing project completion which affects repeat orders.
Still I would rather have an investment in a company that struggles with fulfilling orders than a company taha struggles to get orders.