Tuesday, August 17, 2010 6:02:54 PM
His talk about how smart people were to get in around a penny, doing "buy backs" and comments about those who don't agree with the way things are being done are egotistical and irresponsible...especially given the share price now. IMO
The commencement of the Lowe's account was Canada..not the US and he knew that IMO. My guess is the sku number and such had to do with Canada as well unless they intend to use the same sku number in both Canada and the US. We all know how long it takes to get into an NA so I am sure they have been working on the Canada Lowes for awhile.
So we have current status and the Lowe's Canada news and it did nothing for shareholders. Now we have a crappy financial report and they are in deep doo doo in my opinion financially. I wonder if he would like to reiterate about how smart or lucky we are? Where is his memo to tell us the pps sucks and he apologizes for doing nothing to help shareholders? Wait...where is that memo/conf. call where he talks about these type of drops being an opportunity to buy and the make some money when it goes back up or something to that affect? I don't remember his exact words and I'm not going to re-listen to the conf. calls to find it.
He could announce Lowe's US tomorrow... 5 or so stores to test the product and it won't make any difference what-so-ever IMO. He said having the Lowe's account in Canada will "help" with an NA here..I would assume he means Lowes US...so are they going to wait 3 or 4 months and see if it sells up there first? That would be a smart thing for Lowe's to do. If it does get announced.. it might cause a little blip but so many are waiting to flip this bad boy that is why you see little to no selling now as people don't want to take a hit to the degree they would have to. As I said the other day..it will take multiple big name NA's in a row to move this anywhere.IMO I am sad to say that I have finally come to see that.
Maybe I am wrong..always possible but it's how I see things. I have always said I would support this company until they gave me a reason not to...that time has come. Love the product..not happy with the company.
Those are my complete thoughts on the situation at hand and my final comment on the matter.
I've been painting all day and it's time for a shower with my WC! The product rocks!! No doubt about that.
Have a good night.
Never be bullied into silence. Never allow yourself to be made a victim. Accept no one's definition of your life; define yourself.
Harvey Fierstein
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