I see on the other boards where some are grunting and groaning about the management and lack of performance. To bad everyone didn't double down at under 0.75/share. As far as performance, near term it has been very impressive. Up 500% from it's recent bottom and pushing through old resistance levels. Regarding performance of management, go back to the CC and revisit what what they expected to accomplish over the next 3-6 months. A lot of those goals have been reached. If I am not mistaken, we are still waiting on a major deal with the corn industry (the one area of business that is not profitable YET, but has been scaled back to reduce losses until something like a Reeser's or bigger is done), more high margin packaging deals and perhaps a major deal in the mushrooms. Time will tell! Any one of the above would be great confirmation of management follow through if done by next CC, provided that we see action on the rest in Q2, IMO. Keep in mind that there is a time difference between inking a deal and bringing the new product on line. IMO, management is getting the job done, even though it is taking some patience, the story is getting stronger not weaker. The gap is getting smaller, not large and Q4 should reflect this.
Disclaimer: do your own DD. Call IR, ask the questions. I am a large investor in EPL, the above is only opinion. |
