David Rosenthal: uncertainty

Transcript context

…So I think a lot of companies refuse to do that and analysts would love to have it. It also relates to predicting a range for next quarter or next year. Some of our companies give you next year’s kind of general expectation and some won’t. Yeah, I think there’s a lot of variation. So one more. We’re now post IPO and we’ll wrap up the IPO story in a minute with some fun stats. But one topic that happened a couple years later that I want to ask you about, Tom, is in 1999 so 2 years after the IPO, Amazon did a convertible dead offering and raised a billion and a quarter dollars in the debt markets. I’m curious in that and then that ended up being I believe the last money into the company through the internet bubble. Getting that large capitalization at that point, did that help the company survive the crash that came thereafter? How did it dig itself out of – you mentioned the stock price went back down to $5 at that point. Money was available. We’re growing rapidly. Let’s take advantage of the fact that the interest rates were at 5%.…

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