Saul-
I can’t disagree with you on the numbers. They looked ugly and they still look ugly or uglier.
But at the time the bet was on a sector transforming potential and it was maybe a bit opened ended. Certainly you said you did not believe in this potential and you would have not bought in at all (or you would play the sector with one that already has profit).
I think you would not have bought into AMZN back at the end of the 1990s. That one was a great one and a rare one. So was Neflix if you bought in earlier in the 1st decade. Those are era defining and era changing businesses. They come from nowhere to become giants. You will never identify those only by looking at their present numbers.
Certainly you can say that MF is trying to hit some that will bring extraordinary returns for their pick list, and you would not blame them to trying. For people who wants to earn some money from the stock market, WPRT did turned out to be a waste of time and money.
I still maintain no one could have seen that outcome 3 years ago. It could have been different.
tj