Edited;
None of my posts make claims that are just wishful thinking.
I don't add to losing positions just to average down. That's a bad strategy unless I am highly confident that there will be a turnaround. And I most definitely believe that a turnaround is coming PRED's way.
When a stock goes down, it is always easy to sit back and take shots at management. Someone stated that the CEO doesn't work very hard. That's just not true. The CEO travels the country and travels the world to make PRED a successful company.
Someone stated (paraphrasing) "why does it take management 10 weeks to execute something that should take 2?"
The problem with this statement is the assumption that it "should only take two".
The Assurance AB test kit is a brand new initiative that has the potential to generate literally hundreds of millions of dollars IN PROFITS over the next 6-12 months. And I believe that it is going to start ramping up in a big way over the next month or two. How many other companies in the history of the world ramped up in the first few weeks?
New initiatives virtually ALWAYS have hurdles that pop up that have to be worked through. Successful managements don't start a multi-hundred million dollar venture in a few weeks. Minimally, it takes many months - especially when dealing with foreign partners, customs in two countries, political frictions in two countries, an FDA that is a moving target, etc.
Yes, I thought that the ramp up was going to start in April/May. Well too bad - crap happens. It will still be very impressive if the ramp up occurs now, in June/July. I believe that it will.
If at first you don't succeed try try again. There is no quit in this management team.
PS. YES, there are some other major initiatives that could take off over the balance of the year as well!
