It boggles my mind, given the big money involved, why so many people continue to bet huge sums of cash on the proven short-term penny-wise/pound-foolish idiocy of MBA-think.
This is the con of being a public company: a lot of cynicism. Imagine that you have inside information that Blackberry will revolutionize the mobile market, you will put money in their stocks and may be move on fast once it increases significantly the price. Yes, value investing is very interesting but how many daily transactions are based on this thinking?
I think there was a lot of bias in favor of public companies and now we are realizing that staying private may be the best option if you think long term and don't want to deal with massive conflict of interest.