Despite the fact that everyone likes to take shots at Dana, the bottom line is he is right.
If you bought this stock 2 or 3 years ago, and held, you are probably still in the red. Back then, it was the same story from management we get now, new products, great opportunities, exploding markets, etc. Only now, I think there is greater competition than there was then.
I am saying this for the last time. The management of this company has no idea how to run a business. They can develop products, yes. But their expertise ends there.
Unless this management proves otherwise, there is no reason to believe anything else. This company will never be real competition in this market without new management. For example, why are they waiting to tell investors a concrete timeline (with deadlines)and concrete plans for OA? Again, the stealth management prevails and the stock languishes. At what point in time does it get to the "who the hell cares anyway" stage?
I agree with Dana that a lot of otherwise good investors, despite their best efforts to understand this company and its products, have lost a lot of money over the past couple years.
Anyone remember how Saul Feinberg took over the thread with the depth of his research, and posts? My hats off to him for leaving and not looking back, despite the time, effort, and undoubtedly money he spent here.
Regards,
JC |
