JSB, yeah today was a disappointment. Even PROG's CFO, who I spoke with after the market closed, expressed "wallstreet dismay". I mean, he and his team outperformed. They delivered $.04 past consensus estimates and they're rewarded with a turd in the punch bowl.
I said, "The stock should be at $30.00 a share." He said, "Maybe, maybe not. But it should definatly be off the $15.00 schneid."
With this kind of intention, this kind of awareness, I'm betting that the future road shows etc., see a management team that makes a more concerted effort to unlock shareholder value.
The right confluence of events should see PROG chew through the $16.00 to $19.00 resistance range where the last run up saw buyers get left at those altitudes.
Also, the CFO said that PROG has not had as many money managers, etc., participate before on a conference call. Beginning of increased exposure?
What the hell. It was what it was. |
