Hello all,
It's been quite a long time since I've last posted to this group . . . I still
follow TLTK, although I sold my position a few months back when the MCI problem
was disclosed.
At any rate, I'm finding it interesting to watch the roller-coaster of
sentiment on this board. The most recent sentiment seems to be somewhat
positive . . . I guess based on the "all the bad news is out now" theory and/or
the possibility that a potential revenue shift means that Q4 earnings were
better than expected.
Whatever the cause for the generally improved sentiment in the last day,
I'm surprised at it. Doesn't anyone else feel uneasy that they had to file
for an extension? In their quest for credibility, they have hired KPMG to
do the audit, which is good, but clearly everything is not in order to KPMG's
satisfaction just yet. How negative that is, I don't really know, but it
concerns me.
I've been watching this stock with the thought of jumping back in at some
point, but at this current time I find the risk too high for my liking, and
I won't move back in until this company gets a clean bill of health from KPMG.
Maybe I'll miss a big move, but I'd rather do that than try to catch the
big move and get burned if KPMG finds something wrong.
If they're really going to have $100 million in revenue next year, then there
will be plenty of time to jump in for good gains. Sure, you might miss the
initial surge, but there'll still be gains to grab after that, and after it's
in a little bit safer territory. IMHO.
Perhaps I'm a little gunshy on this one after the last few months, but it
seems like caution is in order here.
Best of luck to all,
Jim Privat |
