I don't think many people are holding the stock anymore, bowling. The stock is in free fall and there appears to be a new seller at each lower level the stock reaches. Whether this is due to manipulation or just everyone jumping ship, either way its still tanking so your guess is as good as mine.
Small caps are not the best place to play in a recession and, as you state, CCUR's management has been lacking for many years, imo. Slow to respond in every aspect of their business is the way I see them. I also believe that they have a vested interest in seeing the stock fall as low as possible so they can be issued their next batch of options at the lowest possible price. They will reward themselves handsomely for their failures. EDIT: I want to add that this is especially true if they believe that within a few months, good news will come or that their business will eventually get stronger then the market expects at this time.
My guess is that those close to the company are simply abandoning the stock. Since so many good companies stocks have fallen, why not move onto a company with firm prospects instead of a has been like CCUR?
One last note, bowling, please let's not turn this thread into a yahoo like message board. I made the mistake of looking over there the other day and nothing but garbage was being posted. If I had to guess, there are probably 4 different people over there using 10 different aliases each. After scanning through the last 50 or 70 posts, I found only one that was even interesting and that one had nothing of value in it other then entertainment.
As for me, I see little reason to bail at the current prices, since my position isn't that large. Take out the cash on hand or net tangible assets and the stock is really selling for about $0.33/share. At this price, I can wait 2 weeks for earnings. |
