My candidate for this thread is ICOM. Now, this company has so dismal and sad a story. Let me tell it!
They were the darlings of analysts and brokers alike about last November/December (when my exbroker told me about them). They were about to go to 20! Any day!! ez muny.
But 'twas not to be: most of their business was located in Korea, just when Korea went spluglht. Over the last many months, the stock has fumbled and stumbled down to its current decidedly NOT lofty $2.
All the while, this company has been putting together the pieces of the story of the little engine that could. They examined themselves, discerned their strengths, developed a recovery plan B and followed it. Over the last several months, new contracts and alliances have been signed and formed. New products have been designed and patented. Working arrangements with "strategic partners" (companies with $$) such as WAXS, TXN, GTW, and others whose names slip my mind have been closed. More deals with LU and DELL are on the way. They will flirt with profitability this Q and dance with it next.
They, of course, have a large short position as evidenced by the nutcases that post on ICOM Yahoo! board. I don't know when, but soon (where have I heard that before?) it will be more than $2. |
