Here's an excerpt from an old posting on Yahoo's board
that holds some validity.. I just hope the sell off
doesn't reflect someone having any knowledge of a pre
bad announcement.. I agree with the statement below!!
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I have no doubt that Colbeth is a visionary and has the right ideas going forward, HOWEVER, I wonder about the inability of management to "relate" to the investment community. Rightly or wrongly, I almost get a sense of indifference as to the way SPYG handles its PR. I thought Shandwick was retained to help with PR? What happened? Whomever is handling the PR strategy is bungling it, IMHO, and changes should be made. Public perception can be a powerful thing. The Spyglass "story" is a good one, but for some reason, it's getting "lost in the translation".
Where's P.T. Barnum when you need him? :-)
I think the Board of Dirs. should be reviewed, and we should recruit others that have the savvy to help management AVOID some of these pitfalls, as opposed to reacting to them. As great as Colbeth is (or seems), he, to my knowledge, has never taken a company to the major-league, and been able to sustain the business at that level. Perhaps he IS the man to do it this time, but I'd feel alot more comfortable if we had MORE people on the board who have that experience. This isn't a knock on Colbeth, as much as it is a plea for more guidance from people that have "been there, done that". |
