if your going to buy into this stock, nows the time. its just above its rock bottom and has been in a nose dive until friday, where it had a nice bounce.
i think the outlook has a lot of questions, but since its already hit rock bottom and may potentially be on the upward swing, i'd say go for it. expecting some positive news possibly this week..we'll see.
i've been with it since last year and its been a heartache. i'm down on this one, but am confident the company's pulling out of rough waters. i think it'll do well, but it'll take patients and for an investor to be a true long.
some positives. the leadership does communicate with the shareholders. waiting to see when the next cc will be myself as i have several questions. next is the leadership. i think jared (ceo) made a good move in bringing in murphy, as he appears to have a solid background, wheere jared does not. some of the baggage affecting this company is getting sorted out. from my view on this baggage, its a no-brainer and the matters will be dropped. the hold harmless and indemnification clauses, my friend-lawyer says its solid. he's also looked at the suit and expressed how he'd approach the matter on both sides, saying its a positioning tactic-nothing more and doesn't see any true risk other than a compromise of some strategic points.
i wanted to go there in person last week, but have to curtail my trip as other priorities surfaced. speaking to murphy, he had the door opened and appeared to welcome a visit, so thats a huge plus for me. i may be able to make another stab at this next month...we'll see.
negatives. transparency is partial at best. its good they have the door open and they do communicate with investors, but gagging the ta is a problem for me, e.g. the insinuation of something to hide is a problem. next is the ceo. he's a bit proud of his company and turned down more than .10 offers for the company, which imo indicates the level of experience he really has. his rationale for turning down the offer is purely based on future potential, which is a gamble at best, rather than true value. the stock's performance has been in a nose dive since (with friday being the exception). second is the baggage itself and the relationships that goes with it. the market they are trying to break into is tough enough and they did a pretty good job on the commercial side. but the domestic side's been slow and relying on wow green to manage the domestic side is another gamble and now, part of the baggage is a lawsuit. another anchor. they are clearing it up and making resolution progress. but is the damage already done? how does that affect this "potential" jared,the ceo used as the basis for turning down the offers? on that note, he did leave the door open and i believe they are working on another offer...we'll see in the next cc.
ok, bottom line. i think its a good investment. my dd indicates this is solid (still) and even though i'm in the red, i've averaged down and if the bounce continues, my recovery point will come a lot sooner and the red will turn black. the chart gods indicate its good, as much of the frenzy feed is gone and the true longs remain and are probably buying off more..... as i did last week and will be this week.
gl
AI
