IMP, hit hard by the IOM hype & insider selling, has been bashed continously for over a year now. Some investors were obviously hit hard. Sympathies go out.
But any focus on IMP today must look forward, not backward. The Company appears to have recently got control on the cost side of the balance sheet. Now it needs to "turn the corner" on the revenue side.
It appears that new management has learned from the mistakes of past management (everyone's favorite) -- not to rely upon a handful of large customers, but to diversify its revenue base across many smaller to mid-size customers. Its strategy is to develop a more predictable, steady source of revenue and to grow earnings by expanding its customer base.
One or two solid contracts will lift this fish off the bottom & return some level of investor confidence. Can management succeed? |
