This company needs to get some attention by the market. If not, we will drift to 25 cents or less. Whoever keeps selling at these prices must be desperate for cash and willing to take large losses or they got the shares for free, or does somebody know something we don’t know?
So how does Bulova get some market attention?
The company has stated that they are in the process of preparing a set of audited financial statements for the year end September 30, 2009. Let’s hope they get this done on a timely basis, say November 15, and show the world they are capable of being a NASDAQ company at least on a reporting basis. Hopefully the financial statements will include earnings of 6 to 10 cents. It should also put an end to the confusion over the number of shares outstanding.
The accompanying press release needs to talk about forward guidance and when they plan to apply for NASDAQ. NASDAQ listing will increase the credibility when bidding on new contracts.
I think this is an outstanding company with potential to do three to five bucks a share near term and double that long term but until they can deliver the above items nobody is going to take the company seriously.
Yes, retirement is fun, but would be even more fun at five bucks.
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