Stan,
I sympathize with your comments. This thread is very difficult to stomach for two reasons. (1) Talking about this companies fundamentals, (balance sheet, technicals, products, growth,) is
impossible without considering how reliable the information you are
receiving is. I suggest we discuss the cash flow statement to get the best overall picture. The other items can be manipulated to varying degrees. For most companies I wouldn't suggest foul play but CCEE management seems too willing to fudge numbers. (2) Talking about CCC's future is difficult because we can't analyze any of the balance sheet items without considering how they might have been manipulated. Also, their press releases in my judgement are very suspect as to content.
What we do know is this company is having cash flow problems. I can't wait to see their 10-Q this quarter. I just don't think I will hold the stock that long. I feel a setup coming. Too many things are uncomfortable. (The proxy, the proposals, the press releases, no dbx contracts, the date of the shareholder meeting.) Am I being unreasonable here? |
