First off, I really don't want to put up this post.
With ERGB @ 3 3/4 bid 11:38AM, I am starting to think that I was lied to.
I have read the research.
I went through the EPS report.
I talked to company officials.
I talked to end users and customers.
I am even sitting in a Body bilt chair. (I needed to buy an office chair at the time)
But the market is telling me that everything I have heard, Not on SI, is incorrect.
If the company really has the potential that I was led to believe, then the management stinks which is reflected in the stock price.
If the company's management is great, then they have shot their wod so to speak.
There is little evidence of weakness in the office furniture market. So despite the fact that I like the company and a few guys that work there. They are doing a very poor job.
Long periods with no hard fundamental news,
No firm date for forthcoming news.
No Solid Brokerage coverage.
NO comments concerning ongoing lawsuits. No news is bad news in this case
No return of calls from Investor relations.
I know it is a small company, but when the stock trades as this one has, All that can be said is that MGT is doing a poor job.
Yes the bid has jumped from 3 3/4 to 4 1/8 while I write this, but until there is some news, any news, I am out of the stock.
For those of you who are still long, sorry, this may hurt a little, though I will try to be gentill.
Jim |
