TIM, I found this on the Yahoo message boards. You may have seen it already.
The guy who posted it seems like a jerk, but I thought the questions were good ones and I'm hoping there are some good answers for them.
INDV looks GREAT technically, but it never hurts to keep yer eyes open for fundamentals.
Is this all old news?
<snip>..........................................................
Don't get caught owning this stock. Here are my reasons why this stock is a dog with fleas for Q3 1997 (upcoming quarter).
1)Yosi Amram, Company founder, is gone and sold almost all of his position in the company. When a founder sells all his stock at low prices (average of $7 a share) you know things aren't right. Founder is now CEO of Valicert. www.valicert.com
2)Weak engineering team. Lagging on new product development. They've been over promisng and under delivering in engineering. R&D spending is out of whack for this company who still hasn't made a dime in profits in 10 years of business.
3)Inexperienced sales force with new VP of Sales who doesn't have industry experience. Last quarters research note by Keith Benjamin of Robertson pointed out the week enterprise sales from "new" sales force and new sales strategy. Don't expect any changes here in the near future.
4)CEO Michael Kolowich is all talk and no action. I attended a recent institutional investor seminar where he spoke and was less than impressed. I think i even yawned.
5)No propietary advantage. More competion in a commoditized market.
information is all over the web. Yahoo news is better than paying INDV for news. News is commodity today.
6)Company was founded in 1988 and has *never* made a dime.
Founder is out of stock, weak engineering team, new sales force, average at best CEO, with lots of competition. Geeze Louise, and they've never made a dime? this is a lousy company. if you want internet, go find some profits. they're out there. LCOS, YHOO, even SEEK is much better than INDV. The smart money on Wall St. is staying away from INDV.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
To answer a couple of these questions myself, I would say that the comment about "WS staying away" is BS. My charts are showing BIGTIME accumulation.
As for question # 4? One man's opinion.
I am more curious about question #1, #2, #3, and #5 |
