The current talk on WSTL's Yahoo board doesn't project any new developments. I for one didn't think I was buying stock in a company that had already turned around. The issue is does this company have the have enough going for it in terms of in house talent and product developments to progress from here. My sense so far tells me there is still enough organic material and momentum to build on.
In talking to Brian Powers at WSTL yesterday Brian conveyed that Westell does have expertise in multiple areas of broadband and that they are working on multiple fronts. On a different note, one thing Brian Powers confirmed for me was that WSTL could use its existing relationship with the RBOC's to open the door for products that originated outside of WSTL.
Bottom line, WSTL seems to have enough current momentum to sustain them for the moment. I guess you have to like the challenge of being part of building something, from here. If your a trader in this stock, your in the wrong stock, it doesn't have the volume or volatility to be a trading stock. If your a shorter, I don't know what to say, except you will never have the satisfaction of being part of building something, because you only benefit from failure. I already prepared myself for the possibility of loosing money when I entered the stock, and I took a size of position accordingly. But to me part of the challenge that I enjoy is getting better and better at being able to recognize opportunities, and obviously one of the types of investment opportunities for the present times is finding situations that have a chance of turning around. Even if things don't work out, all is not lost, because you gain valuable experience from every investment situation.
To me as I begin to get a better sense of WSTL’s culture, one of the biggest assets that WSTL has is their combination of size and expertise. They are big enough to be a force and small enough to be a dynamic pure play, with access to very large customers that need the type of solutions that Wstl seems to have the engineering ability to provide. So we shall have to see what WSTL is able to come up as we go forward. For the moment I am willing to give them a chance, to let them try to build something from here. Finally I can honestly say I like the people I have talked with at WSTL to date, and was impressed with their apparent ability and hard work. I would like to see them do well. Investing should be a team effort at its best, between a company and the investors. The work that employees in a company go through should not be taken for grated, Brian Powers returned my call at after 5.30 p.m. My first words to him were get a life, go home. He was still working when he got off the phone, as he had a meeting with a client.
Go get them WSTL, show the shorters up. I am willing to give you more time with my money. As for the realist out their, that are ready to throw in the towel, don’t ever, ever, underestimate what people are capable of when they are fighting a fight that they believe in. Remember this company has been kept alive by one of the main share holders, when he put up his own money, when it was needed. This is a company who’s leadership has demonstrated personal sacrifice and heart. Unlike Eron’s management that was so self serving and deceptive that it did anything but exhibit self sacrifice. |
