BP....I need to vent sometimes. No usable news ever comes anymore. When this sort of environment begins to emerge with a new company I get.... a little bit unwell. Silence in this situation does not translate into gold for me. It has ruined several positions I have held in the past. The only difference here is that the CEO ( I think) does at least speak.
If the business model is unmanageable then investors like myself will be forced to make decisions based on only the behavior we see. That is really not good and it is a place i do not want to go.
I used to view myself as a very patient person... because I am a very patient person. The notion of being patient to a fault may apply here. I have amassed a decent portfolio of this stock and if I liquidate I know it will be soaked up pretty quickly to be sure. In the past I have wondered if this is a strategy being used by the company. How can I know any different, they wont give us any useful information week after little week after little week.
There does come a point where being patient is not the best decision. I grow weary of supporting what I think ought to be a great company that seems unable to become one.
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