The future still looks bright, the present, status quo.
Unfortunately, status quo in this case refers to management that
deliberately lies to shareholders, and assumes the overall positive
results of managements progress moving forward will forgive any and all transgressions of the present.
That's why my buyin price on WPIC originally was <6 3/4/share. I figured there's always some drag from acquisitions for a variety of reasons, and was intrigued by managements denials of letting down in the fourth quarter. I figured even if the 4th Q was shot to h#ll the stock should be worth at least $7 going forward. Sad to see my suspicions were right, and that management, even with huge successes, feels the need to give bald faced lies to shareholders when it comes to ANY bad news. Outright denial of any adverse effects to earnings will seriously affect future shareholder support. They may not see the relevance now, but the day will come when they're not such "hot stuff" in the revenue and earnings department,,,,and that's when those scurvy dogs will be fed to the sharks without any of the shareholder crewmates coming to their rescue.
Here's to continued success!!!
May her demise be a decade or two down the road, though it be inevitable with this kind of attitude towards the shareholders.
WPIC better hire an investor relations firm, they need it. |
