Robert, I've been into CTY fora few years now, and I feel that the management of this company is next to useless when it comes to developing new business. For instance, until recently, year over year sales were DECREASING, not increasing. I see that they have some new contracts, but until they get SUSTAINED sales and earnings growth for several quarters, I would not even consider this one. c
This company has had "infinite potential" for a couple of years, but I am getting frustrated waiting for it to materialize. I am looking for a way out of this one, so if it moves ahead, I will sell (unless I see some big changes in direction).
Personally I think that CTY management is lazy, and is happy to make their small annual profit, so long as they can justify their own salaries and bonuses.
Mind you, at these prices, the risk is low. A few years ago it was hyped up to over $7.00 as I recall but there was a major hype job coming out of Midland Walwyn at the time - I think they had shares from the IPO to move ... If someone starts hyping, then they may be able to move the stock again.
Regards,
John Sladek |
