> Any thoughts from yourself?
Sure.
> Foreign weakness is nobody's fault
B predicted good numbers, and analysts expectations for the stock were based on them. The numbers they got were bad, suprisingly so. Given what they knew at the time, maybe what management did and predicted wasn't stupid or deceptive or badly executed -- I certainly don't know -- but in hindsight management made mistakes, which are responsible for the stock dropping to LESS THAN A THIRD OF ITS HIGH.
Bummer.
Nothing changes that during the past year:
- p/e went from way under 20 to over 32
- the price dipped from around 18 to a plateau that seems like 6
- as you admit, the foreign distribution on which much optimism in this company was based, has "turned into a weakness"
- now the shareholder class action boys are moving in.
Gosh! That must make this stock a buying opportunity!!!
Or a prime illustration of how the expert "buy" recommendations during the past year, AND gobbs of "technical" analysis, can be self-congratulatory silliness. Hey! I bought into it for awhile! Which makes me a sap.
I hate that.
Here's my analysis: For awhile the stock was hot. Now it is cold. It may become hot again if the shareholders suits can be put behind it, and the foreign numbers improve, and if suddenly the idea that everyone will eventually own a cell phone becomes fashionable again. Oh yes, and assuming that a million competitive factors (will future sales mostly be by website direct from the manufactures? what about Brightpoint's competition?) go in Brightpoint's favor.
It's going to be a long wait.
My sort of analysis sounds like Dr. Suess compared to some of the grandiose and mystical lingo thrown around this thread -- but at least it's clear, and faces on the nose the inescapable fact that this stock is mucking around 6 and it used to muck around at 18.
- Charles |
