Craig,
In your response to Robert, you are actually making two contradicting opinion, I quoted it as following :
First .......................................................
<< We make our products in china so our costs go down. >>
You and a couple of others have used the phrase "we". Are you affiliated with the company? If that's so, great!! I can get all of my questions answered then.
I hate to say it but China is one of the few Asian countries that hasn't devalued their currency! You would have been much better off to have your plant in Singapore, Malaysia, Thailand, something like that. The cost savings from currency weakness would be greater, no?
Second..............................................................
<< The only problem is that our china assets should decrease this quarter by about half. Perhaps we will not be able to borrow as much and our balance sheet may reflect the differences next quarter. >>
That's all I want to hear. Some honest depictions about how this company has many near-term issues. Once I can get Osicom followers to admit that up until this point finances and the near-term financial outlook are quite weak for this company we can move on to issues about how Osicom intends to fix these problems.
...............................................
If the first is right (which I believe so), Osicom would not get much cost saving in its (NOT OUR) China factory because Chinese Yuan is not devalued, then there is no reason that its asset (in second comment) will be half. Unless you can quoted from the Management report that they (NOT WE) booked the Chinese Asset in Thai currency.
Do not pick up those comments which are to your favor of argument but of the a valid statement, it will only make you less respectable.
Also, I would not suggest you to compare FIBR with those big names, they cannot have the same cashflow practice, or bank line, or marketing, or balance sheet the big guys. The key is, this is a high risky stock, when you hold it, you should be aware of this fact. Same case of shorting it, becuase there is no reference point, it can worth $2, $6 or $30 or my magic figure $284.
As Stewart said, there is a lot of legimate stock out there, why do you need to short a stock like FIBR, that can make you lose your pant without any clue.
With my understanding of the networking business, you should hold "some" shares of this company which you can afford to lose completely, pick up a right timing to buy this share at a price you are comfortable. Wait until it showed solid profit, then sell it at a comfortably high price which can make your early retirement.
I have no insider information to offer you, my advice here is that there is a high percentage of companies with good products and even a much better management as FIBR failed in this business. This is a tough payoff game, not everytime the better team wins.
CH |
