Avid Bioservices Inc (CDMO)

[westjtter]

FWIW, I thought the results were decent and was expecting us to trade a little higher this morning so not really sure what is going on.

The current crew is obviously good at running a tight ship and executing their business plan as far as running the facilities go....what they perhaps have not done so well, is bring on new clients and contracts! We were all under the impression that they had a top notch business development team working on bringing in new customers and new revenues and therefore increased revenue guidance.

Are we one quarter too soon in seeing these customers coming on, or is this turnaround plan going to take a lot longer....if it happens at all???

Are we destined to be trading in this current range forever, or are we one contract away from having this thing take off?

Meanwhile we have some pretty heavy volume compared to the last several weeks and months....more retail getting out, or have the institutions turned tale?

My guess(and it really is only a guess) is that retail is being replaced by institutional investors. I still think we will be taken out at one point down the road....but will it be at $10 or at $20? Hmmmm