Sunday, May 22, 2005
May 31, 2005 update: I've decided against investing much in BakBone (I had started buying a few shares). They're a good company, they have a good product, their revenues are growing fast, but I really have no idea how long they'll keep their competitive advantage. In going through the 10-K, I just got a bad sense of where they stand in the food chain. I may come back to this later on. But I'd rather find something that's a lot more certain.
UPDATE: I changed my mind again when the stock price dropped to $1.50 and below after they reported bad news. I gathered more notes on BakBone here and here and here and here. This is a case where a really cheap price makes it worth looking closer at the business. Make no mistake about it, the accounting is definitely screwed up.