Stationary storage will be as big as the car business long term. The growth rate will probably be several times what it is for the car business.
Sentiment: NEGATIVE
The more storage you have, the more stuff you accumulate.
In some markets, we don't have a lot of room to expand. We've done studies of store density and essentially found our more dense markets have more than one store per 15,000 people.
And our size: The company this year is going to be close to $50 billion, so if that's the case and you can continue to grow that fast, I would rather put my energies to solving customer problems and growing our business than worrying about integrating and laying people off.
Having your fiscal house in order and having a more manageable macro-economic future is going to be very useful in creating growth.
A bigger business is like a cruise ship: There are lots of amenities and you can go a lot further, but it's harder to turn quickly.
The state of the economy is not the issue when it comes to growing a business. The relevant questions are always: 'What business are you in? Furthermore, is it adapting to the times?'
Whatever business you're in - it doesn't matter - it's going to commoditize over time. It's going to devalue. You've got to keep moving it to a higher value.
Marketplaces by their nature tend to grow faster than most other companies.
Many newly public companies are able to post a year or two of strong sales growth off a small base, but their growth almost always slows over time, thanks to what investment professionals call 'the law of large numbers.'
I think businesses live longer that are on the stock market.