Average volume is 30,000. Pierre Narath appears to be the first real "business" strategist we have seen. I assume he very much has a vested interested and it appears he is making good on his promises to date. Not sure how much the first quarter charges will be based on the merger, but more important will be the ability of the company to grow revenue and thus earnings. We have seen almost nil earnings with some promise of potential earnings put the stock in the 3-5 range, therefore Pierre has a great deal of upward potential (and the downside, well we have definitely been there, ie below cash). I have been in this stock for a very long time and have been low, then ridden ups and downs, but I had to believe that someone could turn Touchstone's large cash amounts into some profitability. I imagine Pierre Narath saw this as a ripe opportunity when he came onto the board last year. The press releases are good news and it appears we are headed towards more substantial announcements (Not that the modem deal may not be significant if it is bundled with what appear to be significant sales from Diamond). There are lots of naysayers on this stock and I don't disagree with their disappointment with the past years blunders (I also would expect it, when people make or lose money, they defintely get EMOTIONAL, I can't say it doesn't affect me either), but I also know the real player avoids getting emotional about his stock. Facts are facts, and the company is beginning to provide evidence of recovery. I remember being shocked at the first news of Pierre Narath signing on as CEO, but then really captivated by the idea of a man willing to put those potential riches on the table and play some blackjack. Pierre seems to have studied up and seems to know the game. As a betting man, I'm going with his chances. It appears his first card may be a face card.
Dan S. |
