With Pointy-haired-one In Charge,,,,
Welcome to the "Dilbert is REAL" Company.
Well, all management has their relative "strengths" and "weaknesses".
Unfortunately, no matter how strong a visionary, financial oversight is a MUST for reigning CEO's and COO's. Without that qualification, "luck" reigns supreme,,,,and is no reliable indicator of future success. These guys need someone who has a "clue", perhaps a CFO change is in order, or perhaps the CEO & COO need to have a crash course in "getting it together financially101".
I admit I don't know as much about WPIC as I'd like, but-t as time
permits I'll slowly bring myself up to speed. Thanks for the informed
responses done by investors more knowledgeable than I about balance
sheet interpretations.
After reviewing my selling "checklist" I must remain long for now due to my personal FY99 estimates on plausible shareprices:
1) P/E of 9 X .67 = $6.03 (Generalized worst expected shareprice)
2) P/E of 10X .75 = $7.50 (Moderate expectation, w/-credibility)
3) P/E of 15X 1.04= $15+ (should Earnings/mgmnt do well in 99)
Considering my own estimate of a minimum future $6 shareprice, it would be silly for me to sell now. I would have to earn at least 38% on another investment to makeup the gap between $4.38 and $6.
Since I see no "sure things" that would get me 38%+, not only will I not sell, but I'll probably add a few shares in January.
I may not like managements "cluelessness", but I'll invest in Williams
Widgets&gadgets if I see them pulling increasingly higher revenues. WPIC looks like it's heading into another good year, even if management can't tell the difference between a 45%,
80% or a 130% increase in earnings,,,,increasing earnings is worth taking another chance in my books.
Regards,
-Mark |
