WHAI...I know it has turned into one of the favs of this board but as I have said before I would be very careful about investing any substantial sums here. Forward guidance from management sounds great but can they actually produce those numbers?
WHAI recently hired a CFO, Bruce Hayden. First, it seems odd to me that a $200 mil company went without a CFO for so long. Hopefully they won't have to restate their earnings 2 days after they are released like they did last quarter.
Take a look at the company that WHAI's new CFO came from. Hayden was CFO of XYBR which is a former high flyer that is now trading on the pink sheets. When Hayden arrived last November XYBR was over $1, now the SP is at 11c or about 10% of when he arrived there. While one could argue that he had no control over past shenanigans at XYBR, his credentials from his previous employer are certainly not nearly as stellar as the recent WHAI conference call would lead one to believe.
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