raefon,
Unfortunately, I am unable to attend the meeting but hope that you and others will provide update via the thread. If I did come I would wear a business suit also, except for maybe with an aloha shirt.
I also wanted to input to an earlier post regarding the top 3 things TFS could do for stock price valuation.
1. Either hire staff or an outside consultant to work for/with Jeff Buchanan & Liz Sharpe in communicating the TFS business plan, strategy, growth, etc. The story needs to get out there and it is a full time effort. I have extreme confidence that Mr. D. Buchanan has an excellent understanding of the technical and operating side of the company and that Nr. J. Buchanan has a very good feel for the business side of the company. However, both have full time heavy duty responsibilities. There are market professinonals out there that do this for a living, have excellent reputations, and contacts with the institutions, brokerage houses, investment bankers, etc. To me this is the number 1 priority.
2. I believe that a 5% or 10% stock dividend announced at the annual meeting would be very good strategy and appropriate. First, it silences many, second it makes a positive statement to the shareholders in a tangible way and third and most important it signals TFs confidence in their future, signifying optimism in their plan and trumpeting their growth. While we all know that a 10% stock dividend does not affect reality in any way, it sure does affect people's perception of that reality.
3. TFS must increase their 'news' and information to the financial marketplace. Is this a PR effort. Yes. Does it affect reality. No. But again, it does affect the perception. It is difficult to get the word out if everyone has a full plate, however, it is insulting to have KOPN trading at +/- the same price as TFS. How does KOPN do it? With a slick PR effort. While I don't think alot of PR with no results will work long term (KOPN makes me question that statement) we, TFS, have results already, a good story, and rapidly accelerating revenue and earnings - something that WS really loves.
Last, I would love to see peace in the TFS family. I think it is counter productive to everyones interest to spend time and energy in poisoning the well by refuting statements, holding grudges, etc. I think that management and everyone on this thread (except for 1 now possible shorter) wants to see the company prosper. The annual meeting presents TFS management an opportunity to reach out and touch someone and I am confident that the touchee would show appreciation and maybe even have newfound respect for management. I know that my few calls to TFS have all been met with positive discussion and appropriate answers to my questions that reassured me, and in fact, have convinced me to add more to my position. I believe that all share holders deserve that same treatment.
regards,
Ed |
