Friday, December 02, 2016 8:33:29 PM
I have said it before, but what a novel idea that a company is actually working at executing their business plan instead of fretting over the manipulation of the day to day price of their stock. They reiterated yesterday in their presentation that the small group that holds a majority of the shares understands that the enterprise value is much higher than where it is currently trading and that while they have gotten feelers over potential buyouts, it never advances as being grossly inadequate compared to the potential that is at hand. They know what the value will be once the business units are going full bore and when the payoffs from Symantec, FireEye and Palo Alto Networks have more clarity. They aren't selling now so they couldn't care less what the current price is. In some ways, it is to their benefit to remain low-key for now.
I am as frustrated as anyone over this and have vented myself many times. I believe they are shirking their fiduciary duty to shareholders by allowing this ridiculous market cap to persist. With that said... what can they do? They are going through the motions of attending many investor conferences. Yesterday's presentation had a different feel as people were quite engaged and were asking a lot of very good questions all throughout instead of sitting on their hands half asleep.
I hope they humor us a bit and play the game to get the market cap closer to where it should be, but I am going to continue to build a position knowing I may not get to cash out until the big boys do. I think it will be many multiples of this price and worth the wait. Time will tell.
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