Revbill, I'm sure the message "FOCUS ON THE SUITE" has reached the top, and I'm equally sure management is quite tired of the name "Volmar," But whether or not the message is "received" remains to be seen.
Right now fully diluted book value is approximately $2.3 per share, which means the stock is trading about 1.7x book. Looking at the worst case scenario of Q3 revenues of $55 M, if Corel divested itself either separately or collectively of its core products, it may fetch about $220 M to $330 M for shareholders. The market may be correctly valuing the company right now. It's only "undervalued" if sales in the near future pick up considerable speed. (Considering the competition out there, even the most capable suitor's may be skittish to put up at even half that amount, despite the name recognition. Remember the Studebaker?)
Any further erosion in revenues over the next two quarters will be disastrous for the company. Corel can't wait to "grow a new set of legs" to produce revenue. It must "grow a new head" and establish credibililty right now by SELLING THE SUITE in every way possible.
I salute Corel's new "foot soldiers." The problem I see is that they need a few thousand more! Politely, did you follow up with ox?
Could be Up, Up, & Away! (Sad if it isn't.)
Scott |
