It isn't selling pressure that concerns me, it is that there is just no buy interest right now. Volume has been weak and short term investors are getting bored. I am not sure what it is going to take to get people interested in this stock, but management needs to step up the IR to spark some more interest. The story is great, it is just not getting out there to drum up enough institutional interest to get volume moving.
The lack of IR is the last thing I expected from CME. I thought they were going to be aggressive and transparent. For example, there still hasn't been enough talk about what they are doing with their mountain of cash. They just spent $4 million USD on the recent addition of approximately 500 busses, but what about the other $100 million? People want to know what their acquisition plans are, especially considering acquisition revs are supposed to account for 50% of 2010 rev growth. We are already almost into May and they are yet to make a big move or announce any major plans.
As per uplisting to the NASDAQ, I mean come on. Let’s get that no brainer done already. WTF?
I don't think I am being impatient or unreasonable. I've been holding my core position since December and have seen very little aggregate appreciation. That is rediculous for a company that just announced blowout earnings and ridiculous 2010 guidance. At this point I think management and IR have to start taking the blame for the underperformance. They are not doing what it takes to get the stock to jive with investors.
