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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: Don Hand who wrote (21013)6/12/2008 4:38:48 PM
From: The Ox  Read Replies (1) | Respond to of 21142
 
Simply to point out that CCUR had options but chose the one that insured that their stock price would stay low.

finance.yahoo.com

Take a peak at AVNX. Over the past year, the stock had fallen the same % as CCUR. They were in the exact same boat! In March of this year, AVNX was trading in the 60-70 cent range. In April, they implemented a insider purchase plan and defended their stock. The stock is now over $1 and is not in danger of being delisted...at least not at this point in time!

My point is that if CCUR had announced an insider purchase plan and announced a stock buy back plan when they reported their first positive earnings from operations in years, who knows where the stock might be today? Why did they sell additional stock last year if they were going to sit on the money? Why not use the proceeds from last year's sale and immediately get a 50% return on their investment? Why announce a reverse split the same day as earnings, stealing any and all thunder from their return to a positive bottom line?

My point is that there are options for people who run a company and believe its under valued! Why doesn't CCUR use any of these options? What does this tell long term shareholders? How many different "big deals" have been announced by CCUR in the past 3 or 4 years that have turned into smoke and mirrors?

Don, even you commented on how poor the last conference call was! Stock price valuation is more or less a beauty contest. Perception is just as important as the actual numbers being presented. Impart a perception that the company is actually worth more then what the market is currently pricing and its not too surprising that a stock goes up!

My point is that mgmt does not appear to be doing many things right. They talk about markets that never bring any money into the company. They talk about licensing deals that never seem to develop. They can talk about all this stuff that appears to be smoke and mirrors, yet they can't "talk" up the company's stock price? They can't defend their stock? They talked about restructuring that took 2 years to occur! Now that they are restructured, they appear to be doing nothing to help the stock's price. At $0.60/share, they are basically saying the company is not worth a quarter per share if you take out cash and expected cash flow?

I don't get it! The only way this makes any sense is that they want cheap options. They don't want the stock any higher right now.

Hey, if thats it, cool. I can wait a couple of quarters. But the concern I've always had is that they don't know how to handle a publicly traded company. With this in mind, I say good riddens to Mr. Trimm, imo.

jmo

TO