SDL you have been an ultra bull on this stock since you started post here last year, perhaps even more bullish than I was when I went through my manic bull phase last October/November. I saw a huge pile of catalysts, and expected several of them to hit. So far, not a single one has come through.
As you work to gather retail shareholders for a show of solidarity, could you please provide the board with your current sober assessment of company circumstances and prospects. Let's make a quick list of catalysts that tantalized and (so far) let us down:
- China did not come through
- The rest of the world outside Europe has remained sporadic and trickle-y
- There has been no evidence to date, whatsoever, of any pickup in sales due to the new fenofibrate guidance
- Recordati has made no visible progress on key objectives, in particular getting back in the door in France and Germany. It's been 10 months.
- The "exclusive advisor" diatribe has resulted in literally nothing of any strategic substance to date
- SCOTUS granted cert on a case that it had no business taking
- We continue to tout the new formulation as a Holy Grail while in the meantime the company says literally nothing about that
I don't want to give up on this thing after having (rashly) concluded they had turned the corner and were headed upwards on a steep path. But Mighty Casey keeps swinging and missing. If he never hits the ball and never gets on base, and the Mudville 9 keep losing, over and over and over again -- how long do we keep showing up for their painful, soul-crushing games?
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