Is the Management Aware of Their Competitive Advantage?

Great business men don't usually turn a lousy business into a great one. It does happen, but it's not the usual. Usually, lousy businessmen become the head of a great business model. They become seen as great soon. I've never been a believer that valuations are predictive of much of anything. There's a time in fact where I want high valuations because that's when people are paying up for equality and for perception.