Mike, let me help you out a bit (hopefully)...
With all due respect to everyone who has posted about this company in the past, when it comes to management of any firm... the one you work for or the one you've invested in... IMHO skepticism is always the preferred course of action.
Management is paid, IMO, to always be in "show me" mode... that is, they are only as good as their last deal, last productive and useful decision, and their performance and motivations are always up for scrutiny... it's the price paid for that position and salary.
Having said that, the people of IATV who I have met are some of the smartest and nicest people I have met anywhere... in or out of investing.
It's always important, IMO, to keep one's ear to the rail and get one's head out of the way when the train comes in.
My attitude toward Mr. Samuel's sale and timing is very severe... very poor timing for the investor (big and small). IMHO what's a few more months or a year? It doesn't take a rocket scientist to know that for this stock to stay in the teens was a fragile wonder... Mr. Samuels cannot profess ignorance of that, or for that matter, much else. Perfection is what is demanded on his level... anything short of that screws the investor.
Having said that... my attitude is "better the devil you know" and "once bitten, twice shy," etc.
Skepticism and vigilence are what is required. I think that Ted O can appreciate why, when we call in the future, we'll be asking carefully thought out and targeted questions. IMHO it's nothing personal for him. I'd guess that he got blindsided too. Let's not bite the messenger just because we got bitten by his boss.
But the points about PR and Mr. Rosen I think are well taken and heat IMO needs to be put on more coordinated and frequent PR.
Just my opinions in response to Art's recent post,
Ed |
