Word: profitless
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...success of Phoenix's First Solar. Though the company was launched in 1999, it has its origins in a solar start-up that had been around since the mid-1980s. First Solar spent years tinkering before moving to mass production. It was able to weather those early days of profitless experimentation because it had a rich, patient backer: Wal-Mart heir John Walton, who pumped $250 million into First Solar before his death...
Another unwelcome blast from the past is the market's fascination with profitless wonders. Trading volume on the OTC Bulletin Board--purgatory for flimsy companies that no longer meet the major exchanges' listing requirements--exceeds the volume on the New York Stock Exchange. The last time that happened...
...late 1990s, the manic period most people associate with IPOs, were all about founders cashing out of profitless ventures. Yes, IPO prices doubled overnight in that supercharged period. But most of the stocks ultimately crashed and burned. Today's IPOs are well grounded; most of the companies already make money, and they're raising new capital on investor-friendly terms to reinvest for growth...
...sunk more than 40% since its June 2001 peak. Stock-rigging scandals and lax corporate disclosure have sapped investors' confidence, and Shang must restore their faith. To do so, he will have to fend off government officials who see the market as a vehicle to funnel investors' cash into profitless state-run companies. He will need formidable political skill, even bravery-Shang's predecessor received death threats when his market-oriented reforms drove stock prices down...
...Koizumi's opponents are worried about a host of factors, including what they deem a "Takenaka Recession." Under the finance chief's plan, the easy pipeline of money from complacent banks to profitless companies would be cut off, giving these companies no choice but to shut down and throw their workers out on the street. "Companies are going to go under and Japan offers no support for the unemployed," frets Minoru Morita, a prominent political analyst. Already, LDP politicians and Tokyo bankers are circulating a list of 51 companies presumed likely to meet with peril under the plan?including retailer...