From: "Don Libby" <[email protected]>
Newsgroups: gmane.science.general.global-change
To: <[email protected]>
Sent: Monday, May 05, 2008 10:53 AM
Subject: [Global Change: 2659] Re: Captialist entrepreneurs try their luck
>
<...>
> Just for fun, I checked to see how it's going so far, and it appears the
> rodents are slightly out-performing the giants:
>
> Company 8/1/2006 5/1/2008 Change
<...>
> Average 16%
>
> PBW $17.27 $21.15 22%
>
> PBW tracks the WilderHill New Energy Global Innovation Index.
>
The question is: will new small companies out-perform giant companies
involved in the alternative energy field? As a group, Great Thunder Lizards
did better than tiny rodents when giant asteroid hit global financial
system:
Company 8/1/2006 8/3/2009 Change
FPL 43.4 56.41 30%
Siemens 80.17 82.34 3%
Exelon 58.92 50.92 -14%
Sanyo deleted
Kyocera 80.49 80.32 0%
Sharp deleted
ADM 43.9 28.81 -34%
GE 34.39 13.82 -60%
BP 77.5 51.72 -33%
IP 33.29 19.82 -40%
Average -19%
PBW 17.27 10.84 -37%
Ecological lesson: diversity enhances stability. Big companies with
multiple product lines came through better than small single product firms,
with notable exception of gigantic conglomerate GE, which had a total
disaster in its financing unit.
I don't know who bought the solar PV businesses of Sayno or Sharp, but those
companies appear to be no longer in business, or at least, no longer
publicly owned. If anybody knows the story, do tell. I suppose if I had
included them in the average as -100% then the small fry might compare more
favorably, but these two companies probably didn't wink out of existence:
their productive assets were eaten by bigger fish.
-dl
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