Wow, Johnny, You Said A Mouthful...
I would politely suggest that you will, in fact, dine on your words some day. That's my prediction, for whatever its worth.
I think the under-performance of the stock is traceable to several factors that have been hashed and re-hashed: predatory financing (that's my opinion, at least), small caps out of favor (until fairly recently, according to a NYT article yesterday), the biotech bust and lingering post-bust animosities, lack of analyst coverage, etc. But, I am not here to offer excuses for a bad stock.
I am just thankful that, with the possible exception of the predatory financing (a shot-gun marriage, at best), no one has to make excuses for a bad company. 'Cause the company (products, research, people) ain't bad. Far from it.
As for the "penny stock" reference... and the thing about the company should have never gone public to begin with... well... if I didn't know better, I'd say that's classic shorter speak. But, I'll give you the benefit of the doubt. Not that you need my indulgence.
I'm guessing that you're just frustrated. And that's completely understandable. But, I'm about to add another 10,000 shares. I suppose, that would make me a dreamer or a fool in your book. But, I am confident enough in my own DD and that of others to keep right on buying. (I sure hope that Dimensional Fund Advisors does the same, by the way.) The wait is punishing. But, my retirement party isn't for another fifteen years or so anyway.
Best Regards and Courage To Fellow PARSians,
c m |
