This is a risky stock. At this point, things could go either way.
Sales could continue to deteriorate, and CPU could bleed into oblivion, or management might turn things around. Is management a hungry fighting animal backed to a wall, or just passing gas?
So far I haven't been impressed with anything management has done or said. In fact they really haven't done anything. It's time to shit or get off the pot, the meter is running.
But on the other hand, should they pull it off, the payoff could be very rewarding. Lots of new consumer electronic products coming to the market soon, and they won't be cheap. Should management strike a few good deals, revenues could turn.
With that said, I took some chips back today, but maintain a long position. The longer management waits before presenting a new business plan, the more it makes me think there isn't one.
The short story.
Ron |
