Emerson Radio Corp. (MSN): Share price drop to mid-sixties. Us...

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Emerson Radio Corp. (MSN)

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Re: NewJerichoMan post# 89

Saturday, 09/05/2020 5:14:55 PM

Saturday, September 05, 2020 5:14:55 PM

Share price drop to mid-sixties.

Usually ARCX is on the ASK daily, waiting to sell to whomever wants to buy.

Historically, this is long-term bottom in share price, where it will rally. But I doubt it happens this time. Company is slowly dying on the vine. Lots of cash on the books, high book value, but the company is seemingly on auto pilot, with CEO and CFO pulling down significant paychecks despite not returning value to shareholders.

There's a point where this becomes a buy but I think it's farther south from here.

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