Orchid Cellmark (ORCH)

[vieuxblue]

Jed thanks for the referral to the new hotel. Since they renovated the old place, you can't find the rooms anymore!

So, here's my last post from the old hotel:

Orchid's SP is at historic pre-split lows. There is unlikely to be good news for at least 6-9 months, perhaps longer. The new CEO is cleaning house and is in the process of finding a new executive team to run the company. It has about one year of cash left to run the business and is currently (and has always) operated at a loss.

There is no reason therefore that, especially in a reverse speculative market (that is, one in which speculation is punished), that Orchid's SP will not continue to decline for the next 6 -9 months. Over that time, there may be a better "buying opportunity". So why not sell now and buy back if you believe the company has a decent chance at long-term recovery, which it may indeed have, assuming that the board has, in Bologna, finally found someone who can lead? My only reason for holding my shares is that I hate to rack up a large loss in my portfolio. But that's not a good reason for holding.

I would appreciate pro/con comments.