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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem

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To: robert b furman who wrote (1318)11/22/2004 6:01:20 PM
From: Christopher Brainard  Read Replies (1) of 1540
 
Hey Bob,

How do you like the news coming out of the annual shareholder meeting. I just love the board running this company. First they screw the pooch when hiring a replacement for Amenson, then they double the mistake by bring Amenson back and now they decide that the solution to a bad business outlook is to increase spending and cut profitability 20%.

I am now officially unrecommending this stock to you. If you stay it is on your own. I do not beleive these guys have a clue on how to grow the company from here and figure throwing a bunch of money against the wall is the way to go.

They have a great balance sheet but no captain at the helm! A ship wreck might be the way this once promising story ends???

Chris
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