It has certainly become quiet on this thread. No news; nothing
meaningful to say; and a close today below $2.00. When this type of situation has occurred on other threads, there have been speculations that this inactivity constitutes a great contrary indicator and that it might be time to buy. Hmmm ...
The question in my mind is not whether or not Ampex has the pedigree to be a first-rate, high growth company. Rather, it is whether or not Bramson, the executive staff, and the board have the wherewithall to capitalize on Ampex's pedigree and return it to a first-rate, high growth company.
In the time that Ed has actively run the company, other high tech companies producing complex products have been born and have succeeded. Others have stumbled, but have been successfully turned around by strong management teams.
By his own admission, Ed miscalculated the rate at which the digital imaging market has been evolving. He miscalculated the need for a technology that would provide incremental improvements in the disk drive industry. All the technology in the world won't help if you don't have the marketing competence to identify the right products for the right markets. Can Ed and his team do it? They have not shown that they can to date.
I have held Ampex shares for close to a year and a half at this point. No argument, Ed can manage the balance sheet. But, given what the management team has demonstrated on the product side so far, I'm just not sure whether it makes sense to continue to hold these shares; not sure that even given five or ten years Ed and his team will be able to build a company that will grow consistently at 25% to 30% plus per year. Any insights would be appreciated.
Luck to all. Go AXC.
ACV |
