Unfortunately, this stock has left a very sour presence in many investors portfolios. The distrust & negativeness is still present today. I do believe, management today, is being unfairly characterized by investors who have been burned in the past. IMHO, this leads to a conclusion that the stock is, in all-probability, undervalued.
Present management is aware of the hurdles its faces in getting stock price up. It is focusing on operations, & attempting to restructure the Company to avoid the mistakes of the past -- reliance upon only a few customers. If they can execute their strategy, the market will take notice, & long term investors will be rewarded.
Unfortunately, my B/E in this stock is just over 5, excluding profits taken on the ride from 2-6, before all the IOM hype. As a result I have viewed my remaining investment a "dead money" for about 1 year now, & expect to hold for another year.
What is important to note is that when the price takes off, there will many longer term holders, especially those poor souls who bought in the double digits, who will be anxious to sell at varying levels of resistance. It will be important to accurately value IMPX going forward & to take advantage of "unwarranted selling" by burned investors. Bottom line: if this stock moves, it will not be prudent to sell at the first resistance levels. |
