<<...this Company's price has no where to go but up from here .>> Herb, sure hope you are correct. (By the way, I don't own any shares in IOM. Sold out, moved my funds into another stock, recovered my IOM losses, and made a profit.) I'll buy back IOM when I see a future for the stock...please note, I said future for the stock, not IOM. Until IOM gains support from the Street, the stock isn't going anywhere. My major concern for IOM at this time is Sony. I believe the HiFD represents a real threat to IOM. Sony has the engineering, manufacturing, marketing and money to make the HiFD a major success.
I think we will see an upside movement in the stock when IOM names a new CEO. However, this event won't drive the stock's price forward until the company starts to show growth and earnings. IMO, they will need a major "campaign" directed towards the Analysts in order to gain their favor once again.
I think it will take 3 to 4+ quarters to turn things around at IOM. In the meantime, Song will be hitting the market with the HiFD.
Good luck with your investment in IOM.
Stock Bull |
