G. Sly,
Why do you assume something is wrong with the company because the price of the stock has not gone up? I'm not "bashing" you. You and King Ralph simply present an argument that can not be addressed. Who knows why people sell a stock? Why do stocks become undervalued and overvalued? About a year and a half ago, the tech sector was getting hammered, why? Who knows, who cares. Everyone was selling - well not everyone, I was buying. There were many undervalued stocks. I loaded up on two, NVLS (in the $35-40 range) and UTR (in the $19-25 range). Both those stocks made incredible runs in the following 12 months (NVLS up to $130 and UTR up to about $80 - note both have split 2 for 1 since then). I wish I could say I held them to the peak. I did not, but I made about a 2.5 fold increase on both in a very short time. Why did these stocks increase in value by a factor of three to four in a 12 month period? They certainly did not increase their sales and earnings three to four fold during that time frame. Sometimes, it is all about market perception. Todays "goat" is tomorrows "hero". If I took your approach (my, my, the stock price has gone down something must be wrong with the company), I never would have bought them.
You present no information about DCTC and what you believe its worth to be based on its assets and potential future earnings. That's what is important. Then one can decide based on that valuation whether the stock is over, under or fairly valued. The one cent dividend was obviously a gesture to show DCTC's financial strength. No one would believe that a dividend of that nature would bring a increase in share price. The buy back will increase shareholder value - in the long run.
I wish you would present some type of analysis of the company besides "the stock price has not gone up, something must be wrong". How ridiculous.
I always want to hear constructive criticism. I just wish you would provide some. Again, I am not "bashing". Your arguments simply will not hold much water with anyone on this board until you present some facts and information to go along with all the opinion. Many people on this board spend a lot of time and energy doing their dd and then follow up with posts on the boards to help the other shareholders (granted, there is some cheer leading and some over exuberance). Where is your dd? How much time have you spent talking with IR at DCTC or combing through the 10Qs and 10Ks? How much effort have you put in actually analyzing the company?
I'm still waiting to hear a logical argument (based on facts) as to why DCTC will not be worth at least 2-3 times its present value in the next 12 months. Can you or any of of those spewing the negative opinions provide that? Again, please a logical argument based on facts and information. Granted, make some earnings and revenue estimates for next year, but provide some justification for them. I'm anxious to hear what you have. I'm sure the rest of the board can not wait either.
Good Luck,
JJ
P.S. I provided my analysis of the company about 8-10 days ago on this board. I have yet to see a logical "rebutal" of that analysis. |
