To: muddphudd who wrote (1426 ) 9/27/1999 12:00:00 PM From: Doug Bean Read Replies (2) | Respond to of 1837
Muddpudd: Isn't it hell. My guess is that the street's thinking is that there is no hurry. i also assume that they know how bad the numbers are going to be and that it will drop the stock even further when announced. That the stock is going up long term is a given ,, but it may take even more hits before then. in retrospect ,, it was a mistake to buy back in after I sold the first time. I should have known that it would take a long time to actually make a dent in the market. I just expected that the street would buy in ahead and keep the price up. It would appear that they think we are many months away from any kind of real move in price, so here we sit, stuck with the stock while it falls. Can't sell because of what you lose.. so we wait. Also the company has done a miserable job of keeping its stockholders informed and up to date. In fact they have yet to even get an analyst in the door, and where is the spokeswoman that they spoke of in the conference call etc, etc.. Not taking anything away from their IR cause he's a very nice guy.. but he knows nothing about where they are at any point in time. If you ask him anything of substance he says he does not know because he is in another building miles away from headquarters where those types of things are discussed. For the most part he hands out company lines of old news. Now before I get corrected that that the way its supposed to be done , let me state that i speak with quite a few IRs and DRMDs is the least informed of them all ( well not all but most). Anyway some " here's where we are" and "heres where we are trying to get " information once a month or so isn't too much to ask. Damn, i could have saved almost 30,000 thousand by waiting to buy back in :-(( CRDoug