I think no differently of URMD at this price than I thought of it at much higher prices
- remember, this stock will likely ONLY move based on one of two events: spectacular earnings or significant PR by the company; neither, unfortunately, are likely.
- secondly, all the hoopla about URMD having millions of $$$$ in the treasury is just that ... hoopla! Why? Because their current burn rate can't be sustained without depleting the treasury ... thus, the dilemma: Do you really want to own a stock where the company is going to be forced to do a financing at $2 or $3/share????? ... talk about dilution!
- thirdly, I don't see any of the URMD products making money (real money) for the company for some time ... I think getting out the of the incontinence business was a prudent move; only it was 12 months too late... this should have been done when mgt. realized their flagship product, Reliance Insert, wasn't working and wasn't selling.
- fourthly, the Company's stock could be a good 'buy' if they were to either merge or j/v with someone else in their business; someone with a proven, tried and tested track record
- finally, I, personally, lack confidence in current management... they have demonstrated a consistent pattern of making 'stupid' mistakes ... some would even say 'gross negligence' ... I think that 'negligence' however, implies some sort of intent or ill-will, and I DO NOT believe that to be the case... they are simply incompetent! (not incontinent.)
There's my thoughts ... enjoy. |
