Saturday, March 02, 2013 5:32:57 AM
The company is on the verge of generating big revenue but the share price isnt reflecting that..and that isnt due to lack of volume.
McDonald has a 11 yr vendetta against Steve or this company and he's like a pit bull that wont let go.
When he shorted this company they didnt have the steady revenue stream (with great profits) they do now. The company is completely different but he's maintained a short based on their old business.
I go back to my "boiling frog" metaphor that paints the picture of the inability of people to react to significant changes that occur gradually...McDonald either doesnt want to acknowledge this, accept this or he realizes that there is no way he can cover the shares he's short at this point.
His pockets are deeper than any institutions that have bought or are buying. Having a small mkt cap can be a blessing or a curse.
The problem here isnt DSNY's progress, it's an endless seller.
The company could offer a special stock dividend in Clipstream and then he's cooked but dont think that's the way to go.
I do believe that if or when the short is forced to cover this could be a very Big stock.
On another note..maybe we should thank McDonlad for allowing us to get a position at such a cheap price. There is no way this company would be valued at $40m if it wasn't for this guy.
Yes..a little schadenfreude would be a nice thing to share here.
Ja wohl!
The author of How To Find Big Stocks and publisher of the How To Find Big Stocks Newsletter
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