an opinion.....
My position, for what it's worth....
As you all know, I am neither a hyper or dumper.....I am just an average investor....I have owned this stock for quite a while now......and there have been times I questioned my wisdom....I sold half a couple of months ago, they bought back in when I thought financials were coming out. When I buy stocks, not only do I look at numbers but I have to get a feel for it...right now, I think we are looking at a company that is coming out of turmoil. The operating officer in charge has been sick, and consequently a number of things that should have been done were not. That happens when people get sick. Everyone was probably waiting for him to do these things, and he just didn't have the time or strength. So, they didn't get done. But where the mistake was made, the shareholders should have been told. Bravado talk hurt this stock. Ok, so now we have a new op officer who has a lot of work ahead of him. He has to review what has and has not been done. He has to undo past mistakes.....the CEO Mr. Adam, has been trying to carry the ball, but that is not his forte.. that is why he had Mr. Monas doing the work. So, here is where we stand in a very simplistic viewpoint...
We now are being told the worst, ok, we now we know. Knowledge is power. That is the bad news. Tthe good news is we see someone opening up to us. Isn't this what everyone wanted? I for one am finally glad that I at least know what is coming my way. I can now make a decision as to whether to hold or fold. I am going to sit back, give this new guy a chance, and see if the company will follow through. I have a time frame in mind, and reasonable one, and then I will review whether to keep the stock or sell.
I send my well wishes to Mr. Monas and hope he recovers quickly.
I send my vote of approval and support to the new president, we are wishing you well. You have a job ahead of you.
I send my thanks to Mr. Adam, for stepping in and getting a handle on the situation.
So, now, we watch, wait and hopefully see a company with tremendous potential fulfill it.....I am holding, not folding.
Smile
Redhead |
