There is a difference between claiming moral victories and acknowledging progress.
Agree, Fade.
Here's how i look at it.
I look at this program like a stock. I look at wins like earnings. And you know which earnings matter? The next ones. Because no matter the PR says between quarterly earnings releases, the earnings vs expectations rule the day.
But what are the Street's expectations based on? All available and relevant current information. The current business environment. The current market conditions. The current industry. The current competitive landscape.
You know what they're not based on? Outdated information. Nobody is pointing at yahoo! And saying "man, in 1999 they were at an all time high! This stock sucks bc it's nothing compared to the growth and success from 16 years ago!"
Twitter is worth 21 billion dollars but they lose almost a dollar per share. If Twitter cut their losses in half, the company would spike in value... Even though it loses money. Cutting losses for a company in a position where it had been losing money is still very real value creation.
Facebook and Twitter and in the same industry, are direct competitors, and are under the same business environment. Facebook makes a dollar per share. But, do you think Twitter investors are gonna whine if Twitter cuts their losses and gain more value because Facebook makes more? No. They'll recognize the value created and enjoy it, and most likely reinvest.
Summary: expectations should be based on current information and environments. Team 119 might meet them. They might not. The expectation was 8-4. But, to deny the progress given prior period results vs the competition is folly. The environment has changed since the 90s. The landscape is different. What's truly amazing is the very real, visible, and attainable path back to prominence in an age where it's infinitely more difficult to sustain success.
That's value, and that's where this team is projected to go in the next 12-24 months.