Jeff,
I guess the best question right now is---why? Why would a stock fall like this when they make an announcement that, to me, is very positive. You got me. All I know is that if you liked the company 3 to 6 months ago and what they are doing, you've got to love them now. They diversified their customer base, added new markets and remember, we will not see the true growth this company will make until next year, because as has been stated many times before, it takes quite a long time (up to 6 months) to get these new programs rolling. Once these programs are implemented, such as Millenium and others, they will flow to the bottom line rather quickly. They've already done the beta testing, and haven't received any revenues for their work because they haven't started to process the majority of the business. In effect, they've done the work to set up the accounts, but haven't been paid. Once the company begins to be "paid", their profits will go up exponentially.
I'm not going anywhere, I can tell you that. I want to stick around for the fruits of their labors, which really won't get started until next year. A few ups and downs only gives us something to talk about on a Tuesday evening while drinking a beer. Ask me in a year if I made the right investment, let's give it a chance to mature.
Kevin |
