5 Businesses That Missed Out Big-Time
BOSTON (MainStreet) -- Sometimes opportunity knocks. Sometimes it pounds on the door, screaming to be let in.
But life is full of regrets: the date you never took to the big dance, the email never sent, choosing salad when everyone else got steak. For business leaders, a bad choice at the crossroads can cost them a fortune.
M&Ms lost out to Reese's Pieces when Mars Candy didn't grasp why it should be featured in E.T. ABC passed on a little sitcom NBC rode to billions called The Cosby Show.Yahoo! (YHOO) almost took over Facebook back in 2006, a move that might have changed its corporate fortunes forever. There was even a handshake agreement between Mark Zuckerberg and Yahoo! CEO Terry Semel for a $1 billion buyout. Then the company tried to back away from that deal, making a counter-offer of $800 million instead. Even though the original billion was back on the table several weeks later, by then the damage was done and Zuckerberg, with enough time for second thoughts, quashed negotiations. In the company's defense, its blundered negotiations were a byproduct of underperforming earnings and a plummeting stock price, and business history is filled with just this sort of shortsightedness and bad timing. The following are five of the business world's biggest missed opportunities:
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV