Archive: Nova Shaver in

Archive: Nova Shaver in the early 50s.

The second, and possibly final, entry in the book was the most ambitious one. The book covered more than $4.3 billion in the three decades to 2001; it also covered other major investments, ranging from airline business to the construction of the U.S. nuclear plant at Oak Ridge National Laboratory, the $50 billion acquisition of Chevron to global warming, the New York State Department of Corrections acquiring a piece of the “Waves Factory” in Oregon, and a new “supercomputer” in Germany. So it’s hard to believe the company was investing $4.3 billion in the United States in this period. And when you consider that the company’s share price dropped over the next 10 years, that’s a pretty huge blow.
https://tonaton.co.ke/a_nova-shaver-rB6qiqau4KGDZRLKvRPvHhVO.html
And you would be hard pressed to find any company that would have produced something like that in this period without this kind of investment. What’s odd is that Nova Shaver never reported this loss more than a season after it entered the financial system. A lot of people are familiar with the history here and don’t see the real-world context. That’s a great accomplishment for a company that has so often been accused of not knowing how to create value, particularly when it came time to bring on the board.

I think a lot of this was just a matter of trying to sell the company without having all the technical and financial costs of a large, independent company