Neon screwed up and they should know better than to not fully disclose these matters as soon as they are known. And they paid the price, especially since management owns close to 40 % of the stock . The bottom line is the stock is over sold right now, emotions are high, and everyone is pissed that lost money. Yet, the company still has a great niche, still has contracts, and still has the long term growth associated with the internet era. Yahoo just reported incredible numbers, and in my view, we are at or darn close to at the bottom here.
SO take a deep breath, and wait two weeks, and I bet we are in the mid twenties or better. Lets look at the big picture here, Growth slowed, and sales blew it. They didn't make their numbers, not even close. They will have to get to work on that, and when they do, and we see some good news, we ll see some recovery. jmo |
