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Mike, like you I'm disappointed the shares will not be retired (at least that's the impression) however, I still believe this share price will drop further as interest rates tighten a bit and the market punishes disappointing earnings. I do think that it's a buy anywhere in the 5's and a very strong buy the closer to 5 it becomes. I wouldn't be surprised if it reached that number the next time earnings, or the lack thereof, are reported. I will give the new man a chance and consider doubling my position anytime after lower than 5.50. In my opinion, technology investment, especially in this area, is a less costly investment, all things considered, than more expensive refitting of hardware. When the crunch comes and it will come, this type of product(s) may be a key area of the surgical management of costs necessary to stay competitive. This is the future, no doubt about it, the question is, when does it arrive for Premenos? |
