What the hell did I buy this pos for
Nomandic, could it be for instant gratification? Everybody wants a quick 50% return in this new economy market. Unfortunately it didn't happen and I do share your frustration. I rather become an investor with a long term view.
MWAV's fundamentals are solid, growth rate is excellent (100% yr-to-yr), profitable throughout this year, selling at P/S of less than 1 on FY2000 revenue, good relationship with big name customers like Lucent and Motorola. In the end, these types of companies and their stocks will be valued at much higher levels. One such example is PHTN, <$3 a year and a half ago, but the fundamentals finally took hold, and stock proceeded to rise 30-fold.
Another positive development is a new campaign to create investors awareness, targeting institutions and brokers as well. Management has made it a top priority to enhance shareholder value. It won't happen overnight, it'll take a little time to achieve the desired outcome.
Regards,
Tom |
