I expect the revenues to increase enormously over the next three to five years — maybe at a pace of 10 percent a month at least. But the earnings will remain under pressure, and I...

The question with Iridium is it’s an infrastructure play. These things generally need more capital than is planned.

At best, it’s volatile and probably has more risk on the downside than on the upside. The ability of the management will determine whether they can execute their expansion plans in the related businesses —...

Unless we have six months of a healthy market, generally the IPO window does not open up. At this point, it doesn’t look very favorable.

Consolidation has a long way to go in Napa Valley. They can triple their revenue over the next three years. The stock is not cheap but it’s for someone looking for a pure-play Napa Valley...