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Any ideas on the 15% decline today. The volume was fairly low. It's hard to understand how the stock can be back to were it was before the latest record revenues, the CookBates takeover, the increase in distribution outlets throughout the world, all the sightings of Pacer products in Walgreens, WalMart, Chiefs, HomeDepot. KMart, etc. and the positive insights we have presented here. The market seems to always move stocks down too low and up to high. I suppose one could ignore this decline and sleep on ptch for three years when hopefully it will be substantially higher. I would like to see what an investor suggested on the yahoo thread: a buyback by the company of some shares instead of the almost constant insider selling at this "low" price range. That I should have had more confidence in ptch ( not selling my shares when the stock hit $2) than the insiders makes me begin to wonder about my judgement. On the other hand, the insiders do own over 25% of the shares which gives me confidence in their motivation to move the stock higher. Additionally, all conversations I have had with management ( with Jim Munn, Jim Gallager, Tom Knight, and Bob Cavazos) leave me with a very upbeat feeling about the company. |
