When the hell will this stock take off? I've pretty much only seen positive press and commentary for the past several months, great customer growth, improved earnings above expectations, broker recommendations, etc. In the same time, the stock has dropped from 13 to 8 and change. What the hell is happening? Am I missing something?
And don't tell me it is because the company is losing money. I've seen plenty of flaky Internet companies rocket on far less. IMHO, this company has a pretty unique franchise that should be worth something. Look at what some of these other companies do -- sell books, search engine, auction junk, ISP -- hardly unique, innovative, profitable, or resistant to competition and yet look at their stocks move. What gives?
And two other things:
A few months ago there was some PR/IR person from Wavephore that posted to this thread. Whatever happened to her?
And finally, when I originally sunk some money in this company last spring I was under the impression that Wavetop was coming out this fall/winter. Now it looks like it won't be out until this summer. Again did I misunderstand or was Wavetop delayed for some reason. Is this thing just vaporware or what? If it keeps getting pushed out, they will lose their competitive advantage to some copycat or other alternative technology.
What say you? |
